Skip to comments.Obama OMB nominee forced to admit the obvious. Interest cost of what we borrow add to the debt.
Posted on 03/18/2011 8:05:20 AM PDT by SeekAndFind
I feel a little bad for Heather Higginbottom in this clip — no, seriously, I do. The new nominee for Deputy Director of OMB went to the Senate yesterday for her confirmation hearing and ended up feeling the sting of Jeff Sessions’ expert cross-examination. Unfortunately for Higginbottom, she had to defend the indefensible, a series of statements about Barack Obama’s budget that were flat-out lies about its supposed fiscal responsibility. Sessions rips Obama, Tim Geithner, and OMB Director Jacob Lew and in the end gets her to concede that their claims on the budget were entirely wrong, if not deliberately false.
If you want to grow up to be a prosecutor or a Senator, or both, then consider this a practical lab on how it’s done. The same is true if you aspire to shoot fish in a barrel:
Here’s my money quote from the clip, at the 4:25 mark:
HH: Senator, I think if we’re trying to lay a responsible fiscal path coming out of this severe economic downturn, then one of the first things we have to do is to stop digging into the hole with the programs we’re proposing and funding.
JS: Does this budget do that?
HH: The budget provides a path to ensure –
JS: Does the budget do that? I don’t know what a path means. In ten years, does it do what you said?
HH: Does it not add to the debt?
Actually, it does add to the debt, so that hole just keeps getting bigger. Higginbottom doesn’t seem to understand the hole she dug herself in her testimony. Sessions makes it clear at the 5:09 mark:
JS: Let’s take the last three years of the President’s ten year budget. Do the deficits go down those years eight, nine, and ten, or does it go up in eight, nine, and ten?
HH: I don’t have the deficit table in front of me –
JS: Well, that’s an important matter. I know what they basically say.
HH: The President’s budget reduces the deficit, takes it to about $600 billion and stabilizes it, but as I –
JS: No, it doesn’t stabilize it. In years 8, 9, and 10, it goes up every year and reaches approximately nine hundred billion from six hundred billion.
Come on, Senator Sessions. Everyone in the White House thinks that only increasing the deficit by 50% over three years is “stabilization”! At least Higginbottom had enough honesty to admit that debt service is still part of the budget, and that borrowing to pay for debt service is still spending.
I think they’re going to need a new nominee soon.
I don’t feel the least bit sorry for her. When you lie down with dogs you get fleas. Maybe she will learn a lesson and change her allegiance and make something of herself... she certainly appears young enough.
Of course, her “ignorance” or politics have been exposed and no self respecting business would ever hire her as a controller. Maybe Heather can become a book keeper. She has the glasses for it.
“Stabilize the deficit as a percentage of GDP.” Yet another obastard gang effort to be clever. So long as you can make the GDP forecast anything you want it to be you always can achieve your forecast until it is too late to do a thing about it.
SMOKE and MIRRORS is all they have. Thanks Senator Sessions.
The shocking part to me is that Heather in 1000 times better looking than I expected. She TOTALLY doesn’t fit the mold of the typical Dem woman: Janet Reno/Sotomayer/Regina Benjamin, etc.
Brilliant! Thanks for posting.
During Ms Higginbottom’s testimony, I was struck how, not only is Team Obama incapable of telling the literal truth, it is also incompetent to communicate with metaphor. At 3:30, she calls the budget a “down payment ... in tackling the real issue of paying down the debt”. In what sense could any federal budget — especially one that is hundreds of billions of dollars in the red in every single year — be analogous to a down payment? Even if the President’s budget proposal ran a surplus and really made a dent in the debt, it wouldn’t be a down payment ... it would be a repayment.
The lunatics truly are running the asylum.
“no self respecting business would ever hire her as a controller”
I think you mean no respectable business would ever hire her.
Self-respecting CEOs and hedge fund operators like Ken Lay and Bernie Madoff might find her competent for their purposes, much like our very much self-respecting President does.
WRT “deficit as a percentage of GDP”: that justification for eternal deficits has been used by Republicans for about 30 years. It’s not the exclusive property of the Democrats. Neither party’s leadership seriously intends or even pretends to run the surpluses necessary to repay the national debt.
A little like Mayim Bialik, but homelier.
...even her name fits into the Math teacher impression...:^)
Nope. No experience whatsoever, just like her boss. She's listed as a "former advisor for the Obama campaign", with zero knowledge of finance, budgets, or government finance.
Quite frankly, she has that whole naughty school teacher look down a bit too much. It's a show. I suspect her normal look is that of party-girl hottie, but since she was appearing before Congress, someone had her tone it down: tie your hair back in a bun, put on these glasses, wear no makeup, just foundation, put on the grey suit. Yep, she's playing a role.
Those glasses kind of do it for me. Ok, that’s enough.