Statement: James R. Horney, Vice President Of Federal Fiscal Policy, on President Obama's Budget Package

Statement: James R. Horney, Vice President Of Federal Fiscal Policy, on President Obama's Budget Package: President Obama proposed a balanced and well-designed package today that would boost economic growth and jobs in the short run while stabilizing federal debt as a share of the economy after 2013.
By keeping federal debt held by the public from growing as a share of the economy, the President's proposal would meet the definition of a "sustainable budget" that economists often use. The President's program cuts and revenue increases would take effect as the economy recovers, putting the …