Grassley on the Debt Compromise

http://www.futureofcapitalism.com/2011/08/grassley-on-the-debt-compromise

Senator Grassley, Republican of Iowa, explaining why he voted against the debt compromise:

Remember also that in February, President Obama submitted his budget proposal to Congress that refused to address looming deficits and debt. His budget would have added another $13 trillion to the national debt over ten years. Then the President delivered a speech in April that magically found $4 trillion in spending cuts. So, in just a matter of weeks, President Obama found $4 trillion in spending that no longer needed to be spent. The American people have to wonder how Washington can be serious about budgets and spending if the President, in a matter of weeks, can find $4 trillion of spending that was of national importance on February 14, but is no longer necessary on April 13. It's this type of behavior that leads people to be cynical of Washington and the federal government.

by Editor  |  Aug 2, 2011 at 8:10 pm Related Topics:  Government Spending, Politics, President Obama receive the latest by email: subscribe to the free futureofcapitalism.com mailing list