On the recordNovember 15, 2011
Failure is not an option. Let none of us forget that we work for the American people, and they expect us to do our job. World markets are watching, balance is demanded; $1.2 trillion in deficit reduction is the minimal target we must meet. Current Federal spending is 25 percent of the GDP. It's too high. But revenue is only 14 to 15 percent of the GDP. It's too low. It is the height of irresponsibility to ignore either one of those two data points. It might be easy, but it's not rocket science. It requires both parties to do what a clear majority of Americans want us to do: break out of our respective straitjacket orthodoxies. I was proud to join a hundred bipartisan Members of this body urging the supercommittee to go big--find $4 trillion in deficit reduction. Such efforts would reduce the debt to a more manageable percentage of GDP, reassure markets, preserve our Nation's triple A bond rating and provide the stability to get America's economy growing again. I urge my colleagues on the supercommittee to join us and go big for America. ____________________





