Author Topic: Obama praises Ryan-Murray budget pact  (Read 252 times)

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Online mystery-ak

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Obama praises Ryan-Murray budget pact
« on: December 10, 2013, 08:00:42 PM »
http://thehill.com/blogs/on-the-money/budget/192695-obama-praises-ryan-murray-budget-pact

Obama praises Ryan-Murray budget pact

By Erik Wasson
President Obama praised the budget deal announced Tuesday, calling it “a good first step” toward deficit recution.
 
Obama hailed the "balanced" deal for replacing $63 billion in automatic spending cuts known as the sequester, but also called on Congress to extend federal unemployment benefits, something excluded from the deal.
 
“This agreement replaces a portion of the across-the-board spending cuts known as "the sequester” that have harmed students, seniors, and middle-class families and served as a mindless drag on our economy over the last year,” he said in a statement.
 
“It’s balanced, and includes targeted fee increases and spending cuts designed in a way that doesn’t hurt our economy or break the ironclad promises we’ve made to our seniors,’ he added.
 
“This agreement doesn’t include everything I’d like – and I know many Republicans feel the same way. That’s the nature of compromise. But it’s a good sign that Democrats and Republicans in Congress were able to come together and break the cycle of short-sighted, crisis-driven decision-making to get this done,” Obama said
 
He called on Congress to separately extend unemployment benefits that are expiring Jan. 1. Democrats failed to get UI extension in the deal despite a last minute push.
 
The House is expected to vote on the measure on Friday.
 
Overall, the deal includes about $85 billion in budgetary savings. Rep. Paul Ryan (R-Wis.) said the deal would reduce long-term deficits by $23 billion.
 
Obama’s comments come as House leaders led by Speaker John Boehner (R-Ohio) also threw their support behind the compromise.
 
It remains to be seen how many House Republicans will support the plan after Tea Party groups denounced it Tuesday, however.
 

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Online mystery-ak

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Re: Obama praises Ryan-Murray budget pact
« Reply #1 on: December 10, 2013, 08:01:35 PM »
WASHINGTON, DC -- House Speaker John Boehner (R-OH) issued the following statement on the budget agreement reached between House & Senate Budget Committee Chairmen Paul Ryan (R-WI) and Patty Murray (D-WA):

“I am grateful for the work done by Chairmen Ryan and Murray. While modest in scale, this agreement represents a positive step forward by replacing one-time spending cuts with permanent reforms to mandatory spending programs that will produce real, lasting savings. This framework is consistent with sequester replacement legislation passed by the House in 2012.  It would also help to further reduce the deficit without tax hikes that would hurt our economy.  Lastly, this agreement would help protect important national security priorities.

“Federal spending remains on an unsustainable course.  Whether it is offering a plan to balance the budget, strengthen the federal safety net, or cut wasteful spending on behalf of hard-working taxpayers, only one party has led efforts to bring fiscal sanity back to Washington.  Republicans will continue to lead that effort because it is essential to growing our economy, expanding opportunity for all Americans, and preserving the American Dream.”

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Offline Cincinnatus

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Re: Obama praises Ryan-Murray budget pact
« Reply #2 on: December 10, 2013, 08:43:39 PM »
Both Boehner and Obama are praising this new budget? It must be just awful.
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Offline Oceander

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Re: Obama praises Ryan-Murray budget pact
« Reply #3 on: December 10, 2013, 08:46:00 PM »
Both Boehner and Obama are praising this new budget? It must be just awful.

It seems more milquetoast - more or less reshuffling the deck chairs on the Titanic than actually steering the ship out of iceberg-infested waters.


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