Murray Budget: ‘A Failure Of Leadership’

Increasing America’s Debt… Shifting The Burden Of Bad Choices Today Onto The Backs Of Our Children’
Murray Budget: More Than $7 Trillion In New Debt

MURRAY BUDGET: “PUBLIC DEBT- Pursuant to section 301(a)(5) of the Congressional Budget Act of 1974, the appropriate levels of the public debt are as follows: … Fiscal year 2023: $24,364,925,000,000.” (S.Con.Res.8, Introduced 3/20/13)

• $16.75 Trillion – The national debt as of March 21, 2013. (“The Debt To The Penny And Who Holds It,” U.S. Treasury Department, Accessed 2/11/13)

On Top Of ‘The Most Rapid Increase In The Debt Under Any U.S. President’

$6.13 trillion added to the debt since January ’09. (“The Debt To The Penny And Who Holds It,” U.S. Treasury Department, Accessed 2/11/13)

CBS: “The most rapid increase in the debt under any U.S. President.” (“National Debt Has Increased $4 Trillion Under Obama,” CBS News, 8/22/11)

• “The deficit was $1.4 trillion in 2009, $1.3 trillion in 2010 and $1.3 trillion in 2011.” (“CBO Projects $1.08 Trillion Deficit, 8.9 Percent Jobless Rate In 2012” The Hill, 1/31/12)
• CBO: “The federal budget deficit was about $1.1 trillion in fiscal year 2012, CBO estimates…” (“Monthly Budget Review,” Congressional Budget Office, 10/5/12)
• CBO: “The federal budget deficit was $495 billion for the first five months of fiscal year 2013…” (“Monthly Budget Review,” Congressional Budget Office, 3/7/13)

Obama: ‘Leadership Means That “The Buck Stops Here”’

THEN-SEN. BARACK OBAMA (D-IL): “Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.” (Sen. Obama, Congressional Record, S.2237-8, 3/16/06)

CBO: “With the population aging and health care costs per person likely to keep growing faster than the economy, the United States cannot sustain the federal spending programs that are now in place…” (“Choices For Deficit Reduction,” Congressional Budget Office, P.6, 11/12)

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Tags: Sen. Murray, Budget, Failure of Leadership, U.S. Senate, Sen. Barack Obama, CBO To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!