10.05.12

Sessions Comments On $1.1 Trillion Deficit For FY 2012

“The greatest obstacle to preventing a debt crisis is a president who won’t tell the truth about his financial plan and a Senate Majority determined to avoid presenting one at all.”

 WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today after a report from the Congressional Budget Office revealed that the FY 2012 budget deficit was $1.1 trillion, the fourth consecutive deficit of more than $1 trillion:

“Never before has a president and a Senate majority done so little to address challenges so great. The President says ‘budgets matter’ as he campaigns around the nation serially repeating the falsehood that his budget reduces deficits by $4 trillion. But his dangerous budget achieves no credible deficit reduction, adding $11 trillion to our debt and increasing spending 58 percent from today’s levels. And if the President believes budgets matter, then why has he said nothing about his Senate Democrat majority which has violated the law and refused to produce a budget for three years? The greatest obstacle to preventing a debt crisis is a president who won’t tell the truth about his financial plan and a Senate Majority determined to avoid presenting one at all.”