Republicans on the Senate Budget Committee have now had an opportunity to analyze the spending plan that President Obama put forth...The plan includes no net spending cuts at all. Jeff Sessions issued a statement that said in part:
"Today marks the president's fourth attempt to deliver a credible deficit plan in just 8 months. Regrettably, the president has once again failed to deliver the honest, straightforward plan that he promised—the plan that America deserves and that our economy needs."
"When you remove the accounting tricks and Washington gimmicks from the president's plan you're left with only half of the $3 trillion in deficit reduction the White House promised. The White House also claims the president's plan is $2 in spending cuts for every $1 in tax hikes. But in truth, the president's deficit reduction comes entirely from tax hikes. Total federal spending, including the stimulus, will increase under the president's plan, not decrease. On balance, there is not a penny of net spending that is cut."