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Uploaded on Feb 14, 2012
WASHINGTON, February 14—At a Budget Committee hearing today, OMB Acting Director Jeffrey Zients refused, under direct questioning from Sen. Sessions, to answer whether the president's budget would increase spending over current-law levels. The White House has repeatedly claimed that their budget contains $2.50 in spending cuts for every $1 in tax increases. In truth, the budget plan submitted by the president would increase spending by $1.5 trillion over the next 10 years relative to current projections. Over that time, the federal government will spend a total of $47 trillion, up from $45.5 trillion projected under the already enacted Budget Control Act—producing by the president's own projections an additional $11.2 trillion in gross debt.
NOTE: To view a detailed breakdown of proposed spending increases using numbers from President Obama's own budget, please click here: http://1.usa.gov/yRREwf.