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| Sen. Jeff Sessions (R-AL) Ranking Member, US Sen Budget Comm. |
A Fifth Straight Trillion - Dollar Deficit In 2013
CBO’s re-estimate of the president’s budget submission, released today, confirms that the president’s plan increases spending by $1.5 trillion and taxes by nearly $2 trillion, leaves our disastrous debt course unchanged, and produces a fifth straight trillion-dollar deficit in 2013. To view a detailed Budget Committee analysis of the CBO re-estimate, please click here.
Soaring Price-Tag For The President’s Health Law, aka ObamaCare
President Obama said his health law would cost around $900 billion, but according to CBO the ten-year cost for the coverage provisions alone is $1.75 trillion. But even this is not the full price tag. The total tab for the health care bill from 2014 through 2023 (the first full implementation window), including all spending elements in the health law, is $2.6 trillion — around three times the figure advertised by the administration. To view a statement from Sen. Sessions about these substantial increases, please click here.
Deadline Nears As Senate Dems Enter 3rd Straight Year Without A Budget
Earlier this week, Budget Committee Republicans reminded their colleagues that a statutory deadline is fast approaching: the Congressional Budget Act of 1974 requires the Senate Budget Committee to complete action on a budget resolution by April 1, but to date, there is no movement towards a Senate mark-up and the Majority Leader continues to insist the country doesn’t need a budget plan. To view Republicans’ letter requesting that the mark-up be scheduled before the deadline, please click here. Ranking Member Sessions and Sen. Johnson also requested that, prior to any mark-up, the Budget Committee hold a hearing with HHS Secretary Sebelius to address a recent incident when the Secretary was astonishingly unfamiliar with how changes to the president’s health law would affect the federal budget (Chairman Conrad declined that request). You can view their colloquy on the president’s health law here.
‘The Real Political Scandals’
In an impassioned address on the Senate floor this week and again in a statement today, Sen. Sessions took the Senate’s Democrat leaders to task for attempting to deflect attention from their own fiscal record and the “the real political scandals” in Washington. The full statement is below:
“In recent days, Democrat leaders in Washington have manufactured a fake judicial confirmation crisis; they’ve condemned as intolerant anyone who doesn’t think Americans should pay for a brand new federal entitlement providing free birth control to rich and poor alike; and they’ve brazenly turned the routine reauthorization of federal grant money for domestic violence programs into a political ploy by silently killing a Republican proposal that could easily pass on a bipartisan basis.
“Washington Democrats must think themselves very clever. The government is borrowing almost half of what it spends, our per-person government debt is worse than Greece, the price tag on the president’s health care law has tripled from what was promised, gas prices have more than doubled since January 2009, Senate Democrats are about to go a third straight year without offering a budget, and the Congressional Budget Office released an estimate today showing that if we adopt the president’s budget plan for 2013 we will have a fifth straight trillion-dollar deficit. And yet Democrat leaders have shamelessly shifted the conversation from these very real dangers to the phantom controversies that exist only in their imagination. They are desperate to distract from a record that they cannot defend.
“They have no answer to why they refuse to write a budget—the legal deadline is April 1st—or why President Obama has imposed a moratorium on new leases to explore a national treasure of untapped energy. They cannot explain why families are paying nearly $2,000 more for health care than when the president’s health law was forced onto an unwilling populace. And they have no solution to a debt crisis that will devastate this economy—offering only higher taxes to fuel greater spending. These are the real political scandals.
“So again, I understand why Democrat leaders don’t want to talk about the growing financial dangers that threaten the good and decent people of this country. What is harder to understand is what they believe will happen to those people should we experience the true meaning of the word unsustainable.”
“Washington Democrats must think themselves very clever. The government is borrowing almost half of what it spends, our per-person government debt is worse than Greece, the price tag on the president’s health care law has tripled from what was promised, gas prices have more than doubled since January 2009, Senate Democrats are about to go a third straight year without offering a budget, and the Congressional Budget Office released an estimate today showing that if we adopt the president’s budget plan for 2013 we will have a fifth straight trillion-dollar deficit. And yet Democrat leaders have shamelessly shifted the conversation from these very real dangers to the phantom controversies that exist only in their imagination. They are desperate to distract from a record that they cannot defend.
“They have no answer to why they refuse to write a budget—the legal deadline is April 1st—or why President Obama has imposed a moratorium on new leases to explore a national treasure of untapped energy. They cannot explain why families are paying nearly $2,000 more for health care than when the president’s health law was forced onto an unwilling populace. And they have no solution to a debt crisis that will devastate this economy—offering only higher taxes to fuel greater spending. These are the real political scandals.
“So again, I understand why Democrat leaders don’t want to talk about the growing financial dangers that threaten the good and decent people of this country. What is harder to understand is what they believe will happen to those people should we experience the true meaning of the word unsustainable.”
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