Saturday, July 30, 2011

A letter from 43 Senators about

Harry Reid's plan: "The plan you have proposed would not alter the spending trajectory that is putting our economy and national security at risk. In return for an unprecedented $2.4 trillion debt limit increase, your amendment reduces spending by less than $1 trillion over the next decade. Setting aside the $200 billion shortfall between the CBO scored savings and the $2.4 trillion debt limit increase, identified by the Congressional Budget Office, most of the proposal’s alleged savings are based on a false claim of credit for reductions in war-related spending that were already scheduled to occur. This amendment proposes no change to our military posture and, for that reason, these savings are the sort of widely ridiculed accounting gimmick that breeds cynicism about our ability to tackle our fiscal challenges. The only possible justification for a $2.4 trillion increase in borrowing authority is to allow the President to avoid any accountability for these issues before his 2012 election. " Signed by 43 Senators

1 comment:

Anonymous said...

Murray sez:
If the masses haven't figured out yet that none of the good o'boys in both parties want to curb spending then they have had their collective heads in the sand. After all, spending is what got them into office and kept them there!