While I am glad the President said he wants to address our serious fiscal problems, actions speak louder than words

WASHINGTON, D.C. – Today, U.S. Senator Rob Portman (R-Ohio), former Director of the Office of Management and Budget, along with his colleagues on the Senate Budget Committee, sent a letter to President Obama asking him to submit a new FY 2012 budget after his speech on Wednesday.

“The President’s speech on Wednesday was vague and lacked specific proposals to address our debt and deficit.  We need the President to join us in addressing our looming fiscal crisis,” said Portman.

The Administration’s Mid-Session Review, an annual report required by the Budget and Accounting Act of 1921, grants the President a timely opportunity to present a revised FY 2012 budget to Congress.  President Clinton set an example in 1995 when, during a contentious debate over budget deficits, he used his Mid-Session Review to submit a revised budget to Congress.

“While I am glad the President has acknowledged our serious fiscal problems, actions speak louder than words, which is why we are asking for him to re-submit a revised budget by May 15, 2011.”