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President Obama turned in his 2013 budget request a week late this year, but it's clear he did not spend the extra time looking for ways to reduce the deficit. After four consecutive years of trillion-dollar-plus deficits, the Obama administration crafted a budget that actually increases spending.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after the House of Representatives approved legislation to extend the payroll tax cut for the remainder of 2012. The legislation also reforms and extends unemployment insurance and prevents cuts to reimbursement rates for physicians who treat Medicare patients:
Conservatives warned from the beginning that President Obama's health care plan was a case of massive government overreach that would restrict health care choices, jeopardize individual freedom and expand government control over personal decisions. However, many never imagined that Obamacare mandates would end up blatantly trampling religious freedoms.
The annual budget report from the nonpartisan Congressional Budget Office (CBO) gets more grim every year. This year's Budget and Economic Outlook confirms that the 2012 deficit is expected to equal $1.079 trillion, marking the fourth consecutive year with a deficit above $1 trillion.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) pressed Federal Reserve Chairman Ben Bernanke on the necessity of entitlement reform to balance the budget.
This legislation makes really significant reforms in the way the CBO (Congressional Budget Office) decides baseline calculations. The CBO automatically budgets for inflation and discretionary spending. This process runs completely counter to what every American does with their own budget.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement in response to comments by Defense Secretary Leon Panetta regarding Pentagon budget cuts and potential base closures:
Most State of the Union addresses offer more empty promises than substantive policy. Even by that low standard, President Obama's latest annual address to Congress was a disappointment.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after President Obama delivered his annual State of the Union address to a joint session of Congress. In the spirit of bipartisan cooperation, Cole attended the speech with Democratic colleague Jan Schakowsky (Ill.)
President Obama's decision to reject the Keystone XL pipeline was met with near universal outrage from both ends of the political spectrum. With good reason. The construction and operation of the Keystone pipeline would create 20,000 direct jobs and as many as 118,000 related jobs.