POLITICS

WH budget director doesn’t know how much Obama’s budget increases the deficit

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Politics,Beltway Confidential,Joel Gehrke

Jeff Zients, acting director of the Office of Management and Budget, couldn’t tell Congress Thursday how much President Obama’s budget proposal would increase the deficit because “there are a lot of numbers there.”

“Your budget increases the deficit by $8.2 trillion over ten years, yes or no?” Sen. Jeff Sessions, R-Ala., asked Zients during a hearing.

“I need to check the numbers,” Zients said. “There are a lot of numbers there. What I can tell you is we should focus on — this is exactly what Bowles-Simpson does and other groups. What is the deficit as a percent of our economy? We are less than 2 percent at the end of the window, at 1.7 percent.”

Sessions pointed out that the Obama budget would raise taxes by $1 trillion and increase spending “by almost that same amount, virtually having no deficit reduction.”

 

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