President Barack Obama reacted to Congress’ new budget deal Tuesday, saying that the bipartisan agreement is a solid step in the right direction. He also expressed relief that it would take the place of many of the sequester cuts, which he called “a mindless drag on our economy over the last year” in his statement — according to the White House Press Secretary release.
“It clears the path for critical investment in things like scientific research, which has the potential to unleash new innovation and new industries. It’s balanced, and includes targeted fee increases and spending cuts designed in a way that doesn’t hurt our economy. It does all this while slightly reducing our deficits over time,” said Obama in the release.
He also addressed past Congressional mistakes, saying that the new budget agreement between parties — the first agreement in a few years to have both party leaders on board — frees the nation from concerns over a second shutdown for at least two more years. That said, he admits that the new budget deal has its disappointments.
“This agreement doesn’t include everything I’d like — and I know many Republicans feel the same way. That’s the nature of compromise. But it’s a good sign that Democrats and Republicans in Congress were able to come together. That’s the way the American people expect Washington to work,” said Obama.
House Budget Committee Chairman Paul Ryan (R-Wis.) echoed the presidents sentiments to the Huffington Post. “This agreement makes sure that we don’t have a government shutdown scenario in January. It makes sure that we don’t have another government shutdown scenario in October. It makes sure that we don’t lurch from crisis to crisis,” said Ryan.
The budget admittedly isn’t the grand bargain that many had hoped for, but it manages a number of things that satisfy each side. “While modest in scale, this agreement represents a positive step forward by replacing one-time spending cuts with permanent reforms to mandatory spending programs that will produce real, lasting savings,” Speaker of the House John Boehner (R-Ohio) said to the Huffington Post.