Obama’s OMB nominee admits proposed 2012 budget does not pay down deficit
By Amanda Carey - The Daily Caller | Published: 7:03 PM 03/17/2011 |
President Obama’s nominee for deputy director of the Office of Management and Budget (OMB) tried, but failed to defend the proposed budget for fiscal year 2012 in a Senate Budget Committee hearing Thursday afternoon.
Sessions: Did Mr. Lew or the President of the United States, when they made that statement “we will not be adding to the debt,” did they say, “by the way American people, what we really mean is some arcane idea about not counting interest payments the United States must make as part of our debt?” Did they say that?
Higginbottom: I’m not sure exactly what they did say.
Sessions: Well if they didn’t say that, would that be an accurate statement?
Higginbottom: The interest costs on what we’re borrowing add to the debt…
Sessions goes on to ask Higginbottom if she knows the last three years of the president’s ten-year budget proposal all have rising deficits. Higginbottom – the president’s nominee for the second highest position at the OMB — replied with, “I don’t have the deficit table in front of me.”
Sessions’ questioning ends with him pointing out that the president’s proposed budget for FY2012 does not have one year where the deficit falls below $600 billion.
“That is correct,” Higginbottom confirms.