11.29.12

Sessions: There Is No Obama-Geithner Plan

“Until this fantasy ‘plan’ from a secret meeting is made public and scored by the Congressional Budget Office it does not exist… It is a distraction that allows the White House to continue to run out the clock so it can have maximal leverage to force through a bad deal in the last minutes before midnight."

WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today following news reports about an alleged fiscal ‘plan’ offered in secret by Treasury Secretary Timothy Geithner"

“Secretary Geithner has offered no plan on behalf of the President. Newspaper articles and leaks from anonymous aides are not a plan. Until this fantasy ‘plan’ from a secret meeting is made public and scored by the Congressional Budget Office it does not exist. Based on history, we can safely assume that reports that this ‘plan’ saves $4 trillion is a fabrication. It is a distraction that allows the White House to continue to run out the clock so it can have maximal leverage to force through a bad deal in the last minutes before midnight.”

[NOTE: Click here to read Sessions’ statement from earlier today denouncing the secret talks and observing that “The President will go out to the press and use all the buzz words—he says he’s for a ‘balanced plan,’ and talks about a ‘responsible path to deficit reduction.’ But where are the cuts? What is the plan? It seems to me the President’s plan is to talk in general, to meet in secret, and then, under threat of panic, to force through some deal that maintains the status quo: more taxes, more spending, more debt.”]