Statements about Federal Budget
The Congressional Budget Office analysis of the health insurance reform legislation says the bill "cuts the deficit by $1.2 trillion in the second ten years."
"House Appropriations Chair David Obey's partial earmark ban wouldn't apply to 90% of earmarks."
"If we just froze spending at 2007 levels ... by 2013 we would balance the budget ... and by 2020 we would cut the national debt in half."
Reconciliation was used "for tax cuts for the rich twice under Bush."
“Washington cannot hide from the fact that Congress hiked the national debt ceiling to $14.3 trillion. They cannot hide from the fact . . . that the budget that they’re going forward with has more than a $5 trillion in debt in it over the next five years.”
In 2001, former Federal Reserve chairman Alan Greenspan "justified increasing spending and cutting taxes, saying that we didn't really need to pay down the debt."
Among the money spent on health care in the United States, "46 cents on every dollar spent is through Medicare and Medicaid."
Franklin Roosevelt never allocated more than 12 percent of GDP to federal spending, while the percentage for Barack Obama is not projected to drop below 22.8 percent.
The House passed a pay-as-you-go rule that said, "If you wanted to have an investment, an entitlement, etc., you had to pay for it."
"One state even spent a million bucks to put up signs that advertise that they were spending on the federal stimulus projects."
Some Republicans who voted against the stimulus "have been all too happy to claim credit for Recovery Act projects and the jobs those projects have produced. They come to the ribbon cuttings."
"We're also cutting a Forest Service economic development program that strayed so far from any mission that it funded a music festival."
On a bipartisan task force on ways to improve fiscal policy.
Health care reform "would bring down the deficit by as much as $1 trillion over the next two decades."
"What were the old annual deficits under Republicans have now become the monthly deficits under Democrats."
Obama came into office "with a $1.3 trillion deficit before I had passed any law. ... We came in with $8 trillion worth of debt over the next decade."
"President Obama's proposed 'spending freeze' will only reduce the $42 trillion in government spending proposed between 2011 and 2020 by little more than one-half of 1 percent."
"President Obama pledged to go through the budget 'line by line,' but on his watch, non-defense spending has spiraled out of control, increasing by 67 percent in the last year alone."
"The amount of debt is on pace to double in five years and triple in 10. The federal debt is now over $100,000 per household."
"At the beginning of the last decade ... America had a budget surplus of over $200 billion. By the time I took office, we had a one-year deficit of over $1 trillion and projected deficits of $8 trillion over the next decade."
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