Reps Schrader & Ribble on Deficit Reduction and the Super Committee

Last night Representatives Schrader and Ribble asked the Joint Committee on Deficit Reduction to "go big" and find an additional $3 billion in deficit savings on the floor of the House of Representatives. Rep Schrader has asked for these savings to be balanced, drawing from equal discretionary spending cuts to defense and domestic spending, increased revenue from tax reforms, and decreased long term cost growths from reforms to entitlement programs. In total, the $4 trillion mark is the minimal amount necessary to stabilize the debt as a percentage of GDP.

Together stabilizing the debt and reforming the tax code will give businesses the certainty they need to get off the sidelines, get in the game, and move forward with job creating investments in the American economy. Putting the United States back on a path of fiscal sustainability and creating jobs should be the first priorities of this nation to prove to the American people and the world that we are serious about paying off our debt and remaining globally competitive.

Category:

News & Politics

Tags:

• America
• jobs
• deficit reduction
• bipartisan
• reform
• debt
• solution

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Discussing real issues are good thing. II don't know Why some congressmen talk as if $ 150 Billion per year is a solution to our debt problem. We have to tackle real problems. By the way I never understand why we have to keep paying for the illegal aliens although we have so little money and money has to be cut somewhere.