Transcript: Republican Sen. Jeff Barrasso says Obama’s budget is ‘debt on arrival’


Remarks by Sen. John Barrasso (R-Wy.) on Obama’s 2013 budget at a press briefing on Feb. 13, 2012:

“I believe that the President has abandoned his role as leader of this nation by not being honest with the American people about the significance of the national debt.

“And that’s why – somebody asked me if this budget was ‘dead on arrival.’ I said, ‘No, no, it’s not dead on arrival. It’s debt on arrival.’ And that’s what we’re seeing.

“This is an ambush budget. The President is ambushing the American people by promising to cut the deficit by $4 trillion when in fact over the next 10 years he adds to the debt by $11 trillion. Additionally, he has this pretext of trying to help everyone and in fact what his budget does is continue to bury the American people under mountains of debt.

“The savings that he promises will never occur, and the spending that he demands are things that we just cannot afford.

“This is the fourth year in a row where what we’re seeing is a deficit of over $1 trillion. But remember in 2009, the President had promised the American people the fact that he would cut, he said, the deficit in half by the last year of his first term in office. And in fact, $1.3 trillion is the deficit that is included in this year’s budget.

“So we’ve gone 1,000 days without a budget passed in the Senate. Last year, his budget came to the Senate. Harry Reid wouldn’t bring it – the majority leader. Mitch McConnell brought it and it failed 0 to 97.

“The President in this budget ignores the tidal waves that are coming at us. The twin tidal waves of Social Security and Medicare, and the numbers get so big that it’s sometimes hard to realize how much a deficit this year alone of $1.3 trillion is.

“You know, the President sort of pretends that if you just raise taxes on a small number of people, a small amount, and those are other people that you could solve all these problems.

“This is how much this deficit is: If you took all of the money earned over $1 million by everyone in the country – everyone in the country – took it all. And then on top of that took all of the gold in Fort Knox and sold it, and then add all of that together – all of the gold in Fort Knox and all of the income over $1 million by all Americans, that is less than the deficit in this year’s budget alone. That is the severity of what we face. And this budget does not help solve the problem.”



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3 Comments on “Transcript: Republican Sen. Jeff Barrasso says Obama’s budget is ‘debt on arrival’

  1. Pingback: Transcript: Republican Sen. Jeff Sessions calls Obama's budget "deeply troubling" | What The Folly?!

  2. Pingback: Transcript: Republican Sen. Rob Portman calls Obama's budget a 'political document' | What The Folly?!

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