Monday, February 13, 2012

From the SRCC on Obama budget: 'A real miss for the president'

As the Senate Republican Communications Center tells us, it's not just GOP members of Congress who are don't think much of President Obama's proposed budget:
‘A Real Miss For The President’
Budget Experts Argue That The Obama Plan ‘Doesn’t Get Us Close,’ Say Debt Levels ‘Would Put The Economy At Risk’

CLINTON OFFICIAL: ‘I Don’t Think Anyone Is Satisfied With This Budget’

MAYA MACGUINEAS: “…the budget just doesn’t get us close to where we need to go.(Maya MacGuineas, President Of The Committee For A Responsible Federal Budget, MSNBC, 2/13/12)

·         the President’s budget, there weren’t really very high expectations for it, I'm afraid, and he probably met it.” (Maya MacGuineas, President Of The Committee For A Responsible Federal Budget, MSNBC, 2/13/12)

ROGER ALTMAN, Senior Treasury Official In The Clinton Administration: “I don't think that anyone is satisfied with this budget… It confirms the dire debt and deficit outlook.” (“Obama Budget Sees Recovery Gaining Speed,” NBC News, 2/13/12)

PETER G. PETERSON FOUNDATION: “Unfortunately, these measures are not sufficient to put America on a sustainable long-term fiscal path.” (Press Release, Peter G. Peterson Foundation, 2/13/12)

·         “Even under optimistic assumptions, the President’s own numbers show debt rising rapidly after 2022 and reaching levels that would put the economy at risk.” (Press Release, Peter G. Peterson Foundation, 2/13/12)

DAVID WALKER: we’re making some of the same mistakes as Greece. Government’s grown too big. Promised too much. Waited too long to restructure. The budget, the President’s not aggressive or specific enough. We’re still talking about a $700 billion-plus deficit ten years from now.”(David Walker, Former U.S. Comptroller, CNBC’s Squawk Box, 2/13/12)

·         “It should have been much more specific, much more substantive than it is. (David Walker, Former U.S. Comptroller, CNBC’s Squawk Box, 2/13/12)

THE CONCORD COALITION: “Overall, the bottom-line numbers indicate that much additional work needs to be done.” (The Concord Coalition, Press Release, 2/13/12)

·         “The White House now projects that the deficit for the current fiscal year will be slightly higher than last year’s $1.3 trillion, which seems at odds with all of the talk in Washington last year about spending cuts and deficit reduction…” (The Concord Coalition, Press Release, 2/13/12)

SEN. JOE LIEBERMAN (ID-CT): Quite simply, it is not the blueprint we need to put our fiscal house back in order.” (“GOP: Obama Playing Budget Politics,” Politico, 2/13/12)

JULIANNA GOLDMAN, Bloomberg: ‘A real miss for the President.’ “When you look at the projections for the deficit, this is a real miss for the President. Remember he had promised to cut the deficit in half by the end of his first term…” (Bloomberg, 2/13/12)
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