The Daily Caller: President Obama’s nominee for deputy director of the Office of Management and Budget (OMB) tried, but failed to defend the proposed budget for fiscal year 2012 in a Senate Budget Committee hearing Thursday afternoon.
Obama’s nominee, Heather Higginbottom, crumbled under questioning from Republican Sen. Jeff Sessions of Alabama, ranking member of the committee, about the accuracy of statements the president and OMB Director Jacob Lew have made that the proposed budget will not add to the national debt.
Sessions: Did Mr. Lew or the President of the United States, when they made that statement “we will not be adding to the debt,” did they say, “by the way American people, what we really mean is some arcane idea about not counting interest payments the United States must make as part of our debt?” Did they say that?
Higginbottom: I’m not sure exactly what they did say.
Sessions: Well if they didn’t say that, would that be an accurate statement?
Higginbottom: The interest costs on what we’re borrowing add to the debt…
Obama's 2012 budget is a complete farce. If the media in this country wasn't a pack of left wing activists, Obama would have been laughed off the stage for even attempting to say his budget does anything but add to the debt. Hopefully more people will wake up to this farce before 2012.
Via: Memeorandum
Via: The Daily Caller
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2 comments:
As a serious debt-watcher, I nearly flipped a lid when the president claimed the budget would be balanced 2 days after he released his cop-out budget proposal. It doesn't even reach "primary balance," or balanced minus interest expense.
Would a perpetual liar even know when they are not?
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