Cole Comments on President's Budget
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.
"It's going to take a lot more than a few cosmetic spending cuts to overcome our $14 trillion debt. This budget cannot be considered a serious debt reduction proposal when it avoids tackling our greatest fiscal challenge: the two-thirds of the budget consumed by Social Security, Medicare and Medicaid.
"It appears House Republicans should not expect support from the White House in reducing the debt."