Jeff Sessions Delivers Weekly GOP Address 03/09/13 On The 1st Democrat Budget In 4 Years FULL VIDEO

3/9/13 - Sen. Jeff Sessions (R-AL) Delivers Weekly GOP Address On The 1st Democrat Budget In 4 Years.

Published on Mar 9, 2013 - In anticipation of next week's unveiling of Senate Democrats' first budget in four years, U.S. Senator Jeff Sessions (R-AL) cautions that the tax gimmicks and new spending that will be included in their budget will grow the government, not our economy.

In the Weekly Republican Address, Sen. Sessions, the ranking member of the Senate Budget Committee, says, Congress has a "moral duty" to balance the federal budget and bring the deficit down to zero. "But I fear the Democrat proposal will fail this defining test and will never achieve balance," he says. "I fear it will crush American workers and our economy with trillions in new taxes, spending and debt. I fear [Senate Budget] Chairman Murray will follow the President's lead: raising taxes to enrich the bureaucracy at the expense of the people." Senate Republicans, Senator Sessions says, are ready to reform Washington's spending to grow the economy, create American jobs, and balance the federal budget.

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Office of Management and Budget (OMB) Report to the Congress on the sequestration for fiscal year (FY) 2013 FULL TEXT

Office of Management and Budget (OMB) Report to the Congress on the sequestration for fiscal year (FY) 2013 FULL TEXT

The Honorable John A. Boehner Speaker ofthe House of Representatives Washington, D.C. 20515

Dear Mr. Speaker:

Enclosed please find the Office of Management and Budget (OMB) Report to the Congress on the sequestration for fiscal year (FY) 2013 required by section 251A of the Balanced Budget and Emergency Deficit Control Act, as amended (the "Joint Committee sequestration"). This report provides calculations of the amounts and percentages by which various budgetary resources are required to be reduced, and a listing of the reductions required
for each non-exempt budget account.

In August 2011, as part of the Budget Control Act of 2011 (BCA), bipartisan majorities in both the House of Representatives and Senate voted for sequestration as a mechanism to compel the Congress to act on deficit reduction. The threat of destructive across-the-board cuts under the BCA was intended to drive both sides to compromise. Yet, a year and a half has passed, and the Congress still has failed to enact balanced deficit reduction legislation that avoids sequestration.

As a result of the Congress's failure to act, the law requires the President to issue a sequestration order today canceling $85 billion in budgetary resources across the Federal Government for FY 2013. Specifically, OMB calculates that, over the course ofthe fiscal year, the sequestration requires a 7.8 percent reduction in non-exempt defense discretionary funding and a 5.0 percent reduction in non-exempt nondefense discretionary funding. The sequestration also requires reductions of 2.0 percent to Medicare, 5.1 percent to other non-exempt nondefense mandatory programs, and 7.9 percent to non-exempt defense mandatory programs.

FULL TEXT in PDF FORMAT: Office of Management and Budget (OMB) Report to the Congress on the sequestration for fiscal year (FY) 2013