06.14.12

Sessions Responds To President's False Claim That His Budget Pays Down The Debt

WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today in response to President Obama’s comments on the debt:

“I was stunned that President Obama said his plan will pay down the national debt. His budget would add $11 trillion to the debt in ten years and was rejected unanimously in the United States Senate. He has refused to call upon his Senate Majority to produce a budget plan for the first time in three years. Most importantly, the President of the United States persists in one of the greatest financial misrepresentations in the history of America. The Congressional Budget Office projects that, far from paying down the debt, the single lowest deficit produced under his budget would be $488 billion. Many people have said that the Congress and the President need to work together to put the nation on a sound financial course. But how can a good faith negotiation occur when the President misrepresents the effect of his policies on the nation? I can only assume he believes that if he tells the truth about his budget plan the danger of a debt crisis would be clear, and demand for spending cuts would increase.”