Rep. Ribble: Endlessly Growing Deficits Won't "Win the Future"
Rep. Reid Ribble of Wisconsin holds White House budget director Jack Lew accountable for his own words: RIBBLE: So we cannot win the future if we're saddled with increasingly growing deficits, that's a statement that you would agree with, correct? LEW: I would definitely agree with that. I wrote it, and I agree with it. RIBBLE: Then why would the President project a budget that, for the last five years, has deficits of $890 billion, $891 billion, $960 billion, $1.05 trillion, and $1.16 trillion -- all growing deficits? Lew said that the President's budget would stabilize deficits as a share of the economy -- but as other members pointed out, the administration's economic projections are much more optimistic than consensus forecasts. Lew's claim is therefore unlikely to hold true.