Apr 11, 2011

White House Calls Widely Panned FY2012 Budget A “Blueprint” For President’s Deficit Approach

At today’s briefing, White House Press Secretary Jay Carney previewed the approach with which President Obama will tackle the deficit. Carney called the President’s FY2012 budget a “blueprint” for the “balanced approach” that President Obama thinks “needs to be taken” on the deficit.

White House Press Secretary Jay Carney Called The President’s FY2012 Budget A “Blueprint” For President Obama’s “Balanced Approach” Toward Deficit Reduction. CARNEY: “We have an environment now, having dealt with last year’s business, we can move forward and tackle some of these long-term issues. But the 2012 budget that he put forward is very much a down payment on that. It’s very much a blueprint for the kind of balanced approach that he believes needs to be taken.” (Press Secretary Jay Carney, Remarks At White House Press Briefing, Washington, D.C., 4/11/11)

Click Here To View

The Obama Administration will have to forgive us for questioning their seriousness toward deficit reduction after those remarks. After all, the President’s FY2012 budget was not exactly lauded for its more than $9 trillion in future deficits, more than $1 trillion in higher taxes, and its abdication of leadership on the long-term drivers of our nation’s debt.