On the recordSeptember 14, 2011
This week the Joint Select Committee on Deficit Reduction began work on a roadmap to bring down our Nation's deficit and restore our fiscal health. They heard from Doug Elmendorf, Director of the Congressional Budget Office, who reiterated once again what we already know, our Nation's current fiscal position is not sustainable. We also know that the problem we're facing stems, in part, from buying things without paying for them, including two wars, tax cuts for the wealthiest in America, and a prescription drug program. But what matters now is taking action. {time} 1010 Over the month of August, we heard very clearly from the American public that they want us to work together on the issues they are most concerned about: jobs and the deficit. Action on one issue will directly impact on the other. Creating jobs and growing the economy is one of the most important things we can do to bring down the deficit. And getting a handle on our fiscal situation will give confidence to encourage economic growth and job creation. Both the Bowles-Simpson and Domenici-Rivlin fiscal commissions supported this tenet by calling for immediate action to boost the economy while laying out a plan to reduce the deficit over the long term. This is why the joint select committee must succeed.…





