Portman: Senate Democrats Failure to Offer Budget in Three Years is a Disservice to Americans
Friday, April 27, 2012 2:04 PM
Washington, DC - U.S. Sen. Rob Portman (R-Ohio), a member of the Senate Budget Committee, issued the following statement on the three-year anniversary of the failure of Senate Democrats to offer a budget:
"It's alarming that during the three-year time span that Senate Democrats have failed to produce a budget, the federal government has spent more than $10 trillion and pushed us more than $4 trillion further into the red, causing the debt to grow to the size of our entire economy. As any small business owner in Ohio knows, you can't stay in business unless you have a budget blueprint in place. Working without a budget is no way to run a business and it's certainly no way to run the world's biggest government.
"This anniversary follows on the heels of a Social Security Trustees report showing the date that Social Security will become insolvent has moved up three years ahead of last year's projection, and a recent disappointing jobs report.
"These are examples of how Democrats and the Obama Administration have weakened vital entitlement programs, mishandled the economy and with record debt and deficits, put our nation at risk of a fiscal crisis. More spending and more government involvement haven't brought prosperity. Instead, it's brought us to damaging levels of debt and maintained a 5 million jobs deficit since the recession.
"Now more than ever, we need to move forward on real deficit reduction and aggressive pro-growth policies that will generate robust economic growth and job creation; that will take a budget blueprint and Presidential leadership that we've yet to see."