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Thursday, June 05, 2008
Nussle on Passage of FY09 Budget Resolution
Translation -- Corrects for Hypocrisy, Hyperbole
Washington, DC — Today, OMB Director Jim Nussle issued the following statement on Senate passage of the FY09 Budget Resolution:
It is disappointing that Democrats in Congress are repeating last year's tax and spend game
plan. The Democrat's budget resolution would result in the largest tax increase in our nation's
history, adds $25 billion in new spending this year and $209 billion more over 5 years,
while failing to address the looming entitlement crisis.
Translation:
It is disappointing that the budget the president submitted to Congress in February repeats last year's tax and spend game, which repeated the same game going back six years (for which I am not responsible). His budget, which projects a budget surplus in four years (when I will not be responsible) based on lugubrious projections no one rightly takes seriously (not even me) will necessitate something like the biggest tax increase in history to yield a surplus that quickly. And it adds $57.8 billion in new spending... and that's just discretionary spending ($929.8 billion for FY08 vs. $987.6 billion for FY09).
Did someone say "entitlement crisis"?  What's that?
But seriously, we look forward to the president working closely with Congress over the coming months on the FY09 appropriations bills ... since we trust that he does not want another continuing resolution to permit the next president to undo his handiwork and enact an FY09 budget of his own.
Posted by Dana Chasin
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