10.27.11

Sessions: ‘Not Everyone In Washington Living In Same Reality’

   WASHINGTON—In the wake of yesterday’s report that credit rating agency Standard & Poor’s was assigning a negative outlook to the U.S. rating, and in the face of growing domestic and international calls for the United States to address its long-term deficits, U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement:

“Not everyone in Washington is living in the same reality. We are spending and borrowing our way into an economic crisis and yet Democrat leaders refused to cut even $61 billion from this year’s budget. Meanwhile, the president continues to request dramatic spending increases for next year in the only formal budget submission we have received. In his recent speech on the deficit he offered no specific spending cuts and repeated his existing request for tax hikes included in his current budget, which doubles our national debt. And the president pushed his target dates out twelve years—failing to recognize the immediacy of our problem. In order to prevent a looming debt crisis, and restore economic confidence and job creation, I hope the president will work with lawmakers to dramatically reduce federal spending that has grown the debt nearly $4 trillion since President Obama took office.”