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The budget released last week by President Obama is the clearest signal yet that Congress should expect no support from the White House in tackling the national debt. The 2012 budget was President Obama's opportunity to provide leadership and show he is serious about addressing the most dire debt crisis in our history.
Instead, the president offered a budget that proposes $8.7 trillion in new spending, $1.6 trillion in new taxes, and $13 trillion in new debt.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after House Republicans approved legislation that cuts $100 billion in spending from the President Obama's fiscal year 2011 budget:
"Historic deficits require historic spending cuts, and that's exactly what House Republicans have achieved. We pledged to voters that we would cut $100 billion this year, and we took less than eight weeks to do it.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement in response to the release of President Obama's 2012 budget. Cole serves on the House Budget Committee and the Appropriations Committee.
"The president's budget demonstrates a disappointing lack of leadership. America will go bankrupt unless both parties come together and make tough choices, yet President Obama has ignored our massive debt and delivered a budget that contains even more spending, taxing and borrowing.
Thanks to the former Democratic majority's failure to pass a budget last year for 2011, Congress has an opportunity to undo some of the fiscal damage President Obama has inflicted on the current budget, while simultaneously charting a fiscally responsible course for 2012.
As the situation in Egypt remains volatile, debate continues regarding the appropriate role of the United States in bringing about a peaceful resolution to unrest in this vital Middle Eastern nation. Although it remains unclear which faction will ultimately assume control of Egypt's government -- or even what form of government the protests may achieve -- some are already calling for the U.S. government to suspend aid to the our long-time ally.
After experiencing a self-described "shellacking" in the midterm elections, many believed President Obama finally got the message that the American people are fed up with wasteful spending. Unfortunately, his State of the Union address last week demonstrated that he still doesn't get it.
As the Associated Press pointed out, "Obama offered far more examples of where he would spend than where he would cut." The speech was full of new spending projects, from construction of high-speed rail to creation of mythical "green" jobs.
Rep. Tom Cole (OK-04) hosts his monthly program "Cole on Congress" and visits with Rep. James Lankford (OK-05) to provide an analysis on the issues facing our nation. (January 2011)
Rep. Tom Cole (OK-04) hosts his monthly program "Cole on Congress" and visits with Rep. Adam Kinzinger (IL-16) to provide an analysis on the issues facing our nation. (January 2011)
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) today released the following statement after the House passed HR 359, his bill to eliminate taxpayer funding of presidential candidates and political conventions. According to the Congressional Budget Office, the bill would save $617 million over 10 years.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) today released the following statement in response to President Obama's State of the Union address:
"The President is always eloquent, but the real degree of his commitment to fiscal responsibility will be measured by actions, not words.