Specter Comments on Budget
Washington, D.C. - U.S. Senator Arlen Specter (R-Pa.) today made the following comments regarding President Obama’s proposed budget for Fiscal Year 2010:
“It is impossible to evaluate adequately the President’s ten-year budget until the release of the full documents.
“On this state of the record, it is hard to see how the President can fulfill his commitment to reduce the deficit in one-half by Fiscal Year 2013 in light of the substantial proposed expenditures, including $634 billion for a health care reserve fund.
“The proposed revenues of $646 billion from “cap and trade” on climate change is entirely speculative.
“Looking at the ineffectiveness and delay in the administration of TARP, it would be wiser to forego the tax increases, leaving those funds in the hands of taxpayers who have traditionally made wiser decisions than the government on how such funds would be spent.”
“It is impossible to evaluate adequately the President’s ten-year budget until the release of the full documents.
“On this state of the record, it is hard to see how the President can fulfill his commitment to reduce the deficit in one-half by Fiscal Year 2013 in light of the substantial proposed expenditures, including $634 billion for a health care reserve fund.
“The proposed revenues of $646 billion from “cap and trade” on climate change is entirely speculative.
“Looking at the ineffectiveness and delay in the administration of TARP, it would be wiser to forego the tax increases, leaving those funds in the hands of taxpayers who have traditionally made wiser decisions than the government on how such funds would be spent.”
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