Barack Obama on Budget Control Act of 2011

Last Updated : Aug 03, 2012

Summary

President Obama supported the Budget Control Act of 2011 and signed it into law. The administration released a fact sheet on the law which was fairly complimentary of the law. It noted that the deal removed uncertaintly from the economy by granting a debt ceiling increase and ensured that the budget deficit would be reduced in coming years. President Obama also gave a speech in which he stated that the legislation was a good start, but that more work needed to be done.

In November of 2011, when the super-committe failed, a number of Republicans that voted for the legislation began to call for the removal of the sequestrations on the defense industry. When this occured, President Obama stated that he would veto any legislation that intended to over-rule those cuts.

In July of 2012, President Obama used authority from the BCA to exempt military personnel from the cuts put in place by the sequestration. This exceptionn was intended to prevent any cuts to military personnel to meet the budget cuts.

 

Fact Sheet on the BCA

On July 31, 2011 the White Hosue released a fact sheet on the Budget Control Act. Within the fact sheet is support for the sequestration mechanisms.

  

Speech on Passage of the BCA

On August 2, 2011 President Obama spoke in favor of the Budget Control Act. He refers to the legislation as a first step and states that spending cuts alone cannot be used to balance the budget.

 

Failure of the Super-Committee

In November of 2011 when the deadline passed for the super-committee to find an alternative to the sequestration, President Obama spoke at a press conference. He asserted that this failure was becasue Republicans were unwilling to raise taxes on the wealthiest Americans and that this caused the failure to compromise. He also stated that he would veto any legislation to over-ride the automatic spending cuts.

 

Exemption to Military Personnel

On July 31, 2012 President Obama announced that he was using authority granted to him in the Budget Control Act to exempt military personnel from the cuts enacted in the legislation. This exemption means that no personnel cuts will go into affect as a result of the sequestration. Acting Office of Management and Budget Director Jeffrey Zients wrote a letter to Congress which contained the following statements:

 

 

 

Sponsored and Cosponsored Legislation

This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.

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