Home > newsroom > Page
Hastings Highlights Obama’s 9.1 Trillion Deficit, Reminds President of Promise to “Restore Discipline and Honesty to Our Budget”
Flashback to Obama Fiscal Responsibility Summit Remarks

WASHINGTON, D.C., August 25, 2009 - Today, House Natural Resources Committee Ranking Member Doc Hastings (WA-04) released the following statement regarding the Obama Administration’s Office of Management & Budget (OMB) report that its 10-year budget deficit projection will increase from $7.1 trillion to roughly $9 trillion and the Congressional Budget Office’s (CBO) report that the federal budget deficit for 2009 will total $1.6 trillion – the highest since World War II:

“On February 23, 2009, President Obama hosted a Fiscal Responsibility Summit at the White House where he declared ‘we cannot simply spend as we please’ and promised to cut the federal deficit in half by the end of his first term.

“However, six months later, the President’s rhetoric rings hollow.

“Instead of fulfilling his promise to ‘usher in a new era of responsibility in Washington,’ President Obama signed into law a trillion dollar stimulus bill full of ineffective measures --  including authorizing the U.S. Forest Service to send millions of stimulus dollars to states that have no Forest Service land.

“Instead of fulfilling his promise to ‘live within our means again,’ President Obama signed into law a massive $10 billion omnibus lands bill that blocks American energy production and job creation.   

“Instead of fulfilling his promise to ‘make tough choices and do much more to address our long-term challenges,’ his Administration enacted a defacto moratorium on new offshore oil and natural gas drilling on the Outer Continental Shelf that would lower the staggering federal deficit by generating $1.64 trillion in total federal tax revenue.

“Instead of fulfilling his promise to have a ‘frank conversation about the fiscal challenges we face,’ President Obama used every public relations trick in the book today to prevent the American people from learning that they are now saddled with an additional $2 trillion in debt because of the Administration’s misplaced priorities.

“America needs the President to finally fulfill his promise to “restore discipline and honesty to our budget.’  We cannot afford to remain on this reckless spending path.”

# # #

Print version of this document


Contact: Emily Lawrimore or Jill Strait (202) 226-2311

Latest News

Bishop: President Obama’s Unilateral Anti-Energy Agenda Will Ultimately be Gutted by the Courts

Yesterday, the Supreme Court stayed the Obama Administration’s Clean Power Plan in a 5-4 decision. Chairman Bishop (R-UT) issued the following statement: “Much of the President’s unilateral agenda, in...... Read more

Panel Discusses Federal Conflicts Involving Fisheries Predation, Negative Impacts on Drought Mitigation

Today, the Subcommittee on Water, Power and Oceans held an oversight hearing titled, “The Costly Impacts of Predation and Conflicting Federal Statues on Nature and Endangered Fish Species.” The panel ...... Read more

Bishop: President’s Budget Stubs Out Hardworking Americans

Today, the Obama Administration released its budget proposal for the 2017 fiscal year. Chairman Bishop (R-UT) issued the following statement: “To defend this budget would require spin with dexterity t...... Read more

View All News

Calendar

Legislative Hearing on H.R. 87, H.R. 295, H.R. 1621 and H.R. 2817
Subcommittee on Federal Lands | 1324 Longworth House Office Building, Washington, D.C. 20515
The U.S. Department of Treasury's Analysis of the Situation in Puerto Rico
Full Committee | 1324 Longworth House Office Building, Washington, D.C. 20515
View All Events