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President's Budget Proposal Misses Opportunity to Lead


Location: Washington, DC

U.S. Senator Bob Corker (R-Tenn.) made the following statement today regarding President Obama's 2012 budget.

"The president has missed an opportunity to show real leadership on the number one issue threatening our country's future. Getting spending under control and reducing our deficit will be difficult without presidential leadership. I hope in the coming weeks he will come to the table in a meaningful way to address these issues," said Corker. "As we approach our debt limit of $14.29 trillion, I see no better time to impose a fiscal straitjacket on Washington. We need to vote on and pass spending cuts this year, and we need to pass the CAP Act Senator McCaskill and I have offered to force Congress to dramatically cut spending over 10 years. By capping spending -- discretionary and mandatory -- to a declining percentage of GDP, we would put our country on a path to fiscal sanity, while incentivizing Congress to pass policies that promote economic growth."

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