All 11 Republicans on the Senate Budget Committee are calling on President Barack Obama to submit a revised 2012 budget plan to reflect the ideas laid out in the president's Wednesday speech in which he proposed slashing the deficit by $4 trillion over the next 12 years.
In a letter sent to Obama on Thursday night, the GOP senators said they welcomed his “engagement in the budget debate” but urged him to send over an updated budget that can be reviewed by Congress and scored by the Congressional Budget Office.
Obama’s new deficit-reduction plan was an “apparent shift” from the 2012 budget he unveiled Feb. 14 that called for cutting the deficit by $1.1 trillion over the next decade, the senators said.
“We believe a new budget submission is especially urgent in light of the warning from the co-chairmen of your own executive order fiscal commission who said that, absent swift and serious action, the United States will experience ‘the most predictable economic crisis in its history,’” they wrote in the letter, obtained by POLITICO.
“Merely talking about the need to reduce the deficit and address entitlements, and asserting vague reforms and tax increases, are poor substitutes for the necessary detail and substance required for an informed debate.”
The senators said Obama should submit a revised budget at the time the administration issues its Mid-Session Review, a yearly report required under federal law.
Source: http://feeds.politico.com/click.phdo?i=50f621fcba0990a330f0e2a6bd405d7a
Cedric L. Richmond Chaka Fattah Charles B. Rangel Charles Bass
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