"A wise and frugal government which shall restrain men
from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
(Thomas Jefferson)

Wednesday, February 15, 2012

In Case You Missed It! Defending the Indefensible: A Tough Day for the President’s Budget

Posted for your information in case you missed today's hearings.  Bet the Acting Director will not become the director after today's hearings.  Obama has to be furious if anyone had the nerve to tell him what happened.  Below you will see in video where the Acting OMB Director Zients Contradicts the Administration’s Arguments before the Supreme Court.  Not a good day for the Obama Administration but a good day for Cong Paul Ryan and the House Budget Committee.

Defending the Indefensible: A Tough Day for the President’s Budget
Highlights from House Budget Committee Hearing with OMB Acting Director Jeffrey Zients

February 15, 2012
Earlier today, the House Budget Committee examined the President’s Fiscal Year 2013 budget request, receiving testimony from Office of Management and Budget Acting Director Jeffrey Zients.

Chairman Paul Ryan Dismantles the President’s Misleading Claims
The President continues to assert that policy changes proposed in his budget will result in $4 trillion in deficit reduction. The claim is simply false. House Budget Committee Chairman Paul Ryan unpacks the false claims and the gimmicks used to arrive at that number – revealing a deep divide between reality and the Administration’s rhetoric.

Where is the President's $4 Trillion Savings?
The President's Claims vs. Reality

The President’s Budget Balances….Never

OMB Director Contradicts the Administration’s Arguments before the Supreme Court

OMB Acting Director Zients contradicts the Administration’s argument before the Supreme Court on the constitutionality of the President’s health care law. The Administration claims the power to impose an unprecedented federal mandate to purchase government-approved health insurance if the enforcement mechanism is a tax. In testimony before the House Budget Committee, OMB Director Zients argues the opposite, claiming the enforcement mechanism is not a tax.
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