McConnell: Increased Deficit Projections Outpace Proposed Savings 5 to 1

‘The administration acknowledged today that since the President took office, their projections for the deficit grew five times faster than the proposed cuts would save’

WASHINGTON, D.C. - U.S. Senate Republican Leader Mitch McConnell made the following statement Monday regarding the administration’s revised deficit numbers:

“The President’s recent proposal for some modest reductions in government spending was a start, but the administration acknowledged today that since the President took office, their projections for the deficit grew five times faster than the proposed cuts would save, and that’s assuming all the cuts are enacted.

“With Democrats in Congress adding to the national debt at a rate of more than $100 billion every month, and with a budget that triples the already unsustainable public debt over the next decade, it’s clear that there is much more that we can do to protect our children and grandchildren from the unprecedented trillions in additional debt proposed by the administration.”