red states rule
03-19-2013, 04:22 AM
Is anyone surprised Dems cannot bring themselves to present an honest budget that reflect what they consider the role and size of the Federal government?
Senate Democrats' budget plan is coming under increasing criticism from Republicans, who say it effectively pats itself on the back twice for savings that were only achieved once -- and even then, promises another $7.3 trillion in debt over the next decade.
The Democrats' plan passed out of committee last week on a party-line vote. It serves as the party's response to the Republican plan introduced in the House by Rep. Paul Ryan of Wisconsin.
Last week's announcements were complemented by a fast-paced round of partisan crossfire. Republicans accused Democrats of ignoring the national debt. Democrats accused Republicans of wanting to gut entitlements to preserve tax rates for top earners.
But there was a major disconnect in the way each side was calculating its numbers.
Democrats claimed all along their plan would achieve $1.85 trillion in deficit reduction over the next decade, half through spending cuts and half through tax hikes.
But the top Republican on the Senate Budget Committee, Sen. Jeff Sessions of Alabama, argues the plan is taking credit for the reduced spending level already achieved when mandatory, across-the-board cuts known as sequester took effect March 1.
The Democrats' plan would replace the sequester and build on that savings for a total of $975 billion in alternative cuts and $975 billion in tax hikes over 10 years. But, as Democratic staffers acknowledged during committee testimony last week, their plan also counts the replacement cuts toward their total deficit-reduction figure.
"I believe you're using the money twice," Sessions said, arguing that the true savings is more like $700 billion.
Read more: http://www.foxnews.com/politics/2013/03/18/senate-dems-budget-blasted-for-double-counting-spending-cuts/?test=latestnews#ixzz2O2EHZyFy
Senate Democrats' budget plan is coming under increasing criticism from Republicans, who say it effectively pats itself on the back twice for savings that were only achieved once -- and even then, promises another $7.3 trillion in debt over the next decade.
The Democrats' plan passed out of committee last week on a party-line vote. It serves as the party's response to the Republican plan introduced in the House by Rep. Paul Ryan of Wisconsin.
Last week's announcements were complemented by a fast-paced round of partisan crossfire. Republicans accused Democrats of ignoring the national debt. Democrats accused Republicans of wanting to gut entitlements to preserve tax rates for top earners.
But there was a major disconnect in the way each side was calculating its numbers.
Democrats claimed all along their plan would achieve $1.85 trillion in deficit reduction over the next decade, half through spending cuts and half through tax hikes.
But the top Republican on the Senate Budget Committee, Sen. Jeff Sessions of Alabama, argues the plan is taking credit for the reduced spending level already achieved when mandatory, across-the-board cuts known as sequester took effect March 1.
The Democrats' plan would replace the sequester and build on that savings for a total of $975 billion in alternative cuts and $975 billion in tax hikes over 10 years. But, as Democratic staffers acknowledged during committee testimony last week, their plan also counts the replacement cuts toward their total deficit-reduction figure.
"I believe you're using the money twice," Sessions said, arguing that the true savings is more like $700 billion.
Read more: http://www.foxnews.com/politics/2013/03/18/senate-dems-budget-blasted-for-double-counting-spending-cuts/?test=latestnews#ixzz2O2EHZyFy