A leading panel of experts Thursday estimated that President Obama is not the last spending as much money as the White House initially claimed and saves budget is approximately $ 1.5 trillion more expensive than the Republican plan.

As he is a big fiscal policy address last week, Obama has and other officials have touted that the White House plan would cut $ 4 trillion over 12 years. Using that figure, they have claimed that it is very similar to a Republican House plan that supposedly 4.4 trillion over 10 years would be cut.

But given the fact that most of the lines of the budget a 10-year window used, as required by law, the Committee for a responsible federal budget tried to provide an apples to apples comparison--and determined Obama proposal would actually cut deficits by $ 2.5 trillion over the next ten years. It credited the President for the "moving the ball forward", but said that based on assumptions from the Congressional Budget Office, the plan is not doing enough to address the debt crisis.

"It seems unlikely that the policies proposed in the context of the President would be sufficient to reduce debt to a manageable level," she wrote.

In response the White House claimed that using the window of 10 years, the President's budget plan 2.9 trillion, not $ 2.5 trillion would be cut. And officials continued to stick to the requirement that it cuts $ 4 trillion over 12 years. A White House aide suggested that the President's plan would save more than the Commission claims, in part because of a "fail-safe" provision that would lead to additional expenditure cuts if debt reduction targets are not met.

"Even with the Commission for a responsible federal budget to transfer rules of the game and the factor that the failsafe is not in their analysis, they still confirm that plan the President would substantially reduce the deficit and avoid a large increase in the debt that" White House spokeswoman Amy Brundage told Fox Business Network.

The Committee for a responsible federal budget also chosen back Republican claims about their spending plan. Although Rep. Paul Ryan, R-Wis., author of the plan, which it would be cut 4.4 trillion over a decade, said the Commission claimed that it's more like $ 4 trillion would reduce in that period.

That leaves $ 1.5 trillion still separating the two plans, in a comparison of apples to apples, questions about administration claims that Republicans and Democrats agree on how much to cut.

The new estimates also revealed that the GOP plan would bring the debt down to about 69% of GDP by 2021. By contrast, Obama plan would bring the debt up to 77% of GDP, the report said.

The Committee shall be composed of former officials of the CBO, the White House Office of Management and budget and other important offices.

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