February 16, 2011
President Issues Veto Threat on House FY11 Budget
Yesterday, Preisident Obama issued a veto threat on the spending proposal (H.R. 1) that is advancing in the House to cut $100 billion from the FY11 request. As widely reported, H.R. 1 would result in severe reductions for nearly all agencies -including those that provide research and student aid support. The Statement of Administration Policy reads:
“The Administration strongly opposes House passage of H.R. 1, making appropriations for the Department of Defense and the other departments and agencies of the Government for the fiscal year ending September 30, 2011, and for other purposes. The Administration is committed to cutting spending and reducing the deficit so that current government spending does not add to the debt and has put forward a plan to do just that. However, the Administration does not support deep cuts that will undermine our ability to out-educate, out-build, and out-innovate the rest of the world. The bill proposes cuts that would sharply undermine core government functions and investments key to economic growth and job creation, and would reduce funding for the Department of Defense to a level that would leave the Department without the resources and flexibility needed to meet vital military requirements. If the President is presented with a bill that undermines critical priorities or national security through funding levels or restrictions, contains earmarks, or curtails the drivers of long-term economic growth and job creation while continuing to burden future generations with deficits, the President will veto the bill.
The Administration looks forward to working with the Congress to refine the legislation to allow critical government functions to operate without interruption for the remainder of the fiscal year underway.”