Monday, January 23, 2012

Sen. Portman On Obama Administration’s Delayed Budget

WASHINGTON, D.C. – U.S. Senator Rob Portman (R-Ohio), a member of the Senate Budget Committee and former Director of the Office of Management and Budget, today issued the following response to news that President Obama will delay the release of his FY ’13 budget proposal:

“It has now been 999 days since Senate Democrats have passed a budget, and in that time, Washington's debt has increased by a whopping $4 trillion. A budget is desperately needed to get America's fiscal house in order. Last year, President Obama's budget was so fiscally irresponsible that even he disavowed it. He actually asked for a mulligan, but even on his second try he failed to provide a detailed path forward to address America's pending fiscal crisis.

“I'm incredibly concerned that, with a record national debt now equal to 100% of our GDP, the President is unable to put forward a plan to address Washington's out of control debt and deficits. If I were advising President Obama, I'd recommend less time campaigning and more time spent addressing the impending fiscal crisis. We need a budget with a responsible spending restraint and pro-growth reforms and we need it now.”