Today, Senator Schumer said President Obama has already put forward a workable “blueprint” on deficit reduction. Not so fast! Yesterday, CBO’s top scorekeeper said they were unable to score the President’s “blueprint” because they “don’t estimate speeches.” The only thing worse than President Obama’s failure to offer a concrete plan to address our growing deficits, is the failure of Senator Schumer to pass a budget in the past 786 Days.
- Sen. Schumer: President Obama Doesn’t Need To Put Forward A Detailed Proposal. Also speaking to reporters, Sen. Charles Schumer (D-N.Y.) rejected GOP calls for President Obama to put a detailed proposal on the table now. He said Obama has put out a blueprint in his April speech on the deficit and said details are for closed-door negotiations. “You don’t need each detail. It is just an excuse,” he said. (The Hill, 6/24/11)
Yesterday, CBO Director Elmendorf Said President Obama’s Budget Framework Cannot Be Scored, Reminding Americans That The White House Has Failed To Offer A Clear Path Forward On Deficit Reduction.
- Chairman Ryan: The President gave a speech on April 13th where he outlined a new budget framework that claims $4 trillion in deficit reduction over 12 years. Have you estimated the budget impact of this framework?
- CBO Director Elmendorf: No Mr. Chairman, we don’t estimate speeches. We need much more specificity then was provided in that speech for us to do our analysis.
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