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Hagan joins more than 100 bipartisan members of Congress in urging Super Committee to “Go Big”
Story Date: 11/17/2011
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Source: PRESS RELEASE, 11/16/11
U.S. Senator Kay R. Hagan (NC) today joined a bipartisan, bicameral coalition of more than 100 U.S. Senators and U.S. House of Representatives to urge the members of the congressional "Super Committee" to seek the broadest and most balanced bipartisan agreement possible to address the nation's deficits and debt.
As part of the August compromise on raising the debt ceiling, the 12-member super committee must report legislation to Congress by November 23rd that identifies at least $1.2 trillion in budget savings over ten years, or else automatic-spending cuts in that amount will be triggered. Hagan and her colleagues support the Committee reaching a deal that goes well beyond that savings target.
“I understand the immense pressure being placed on the members of the Super Committee,” Hagan said. “They need to know that a plan that makes the tough choices for our long term fiscal stability has the strong support it deserves on Capitol Hill and throughout the country. Another $1.2 trillion in savings is simply not enough to get us on a sustainable path. We need a responsible plan that is balanced, bipartisan, and makes the investments our seniors, students, and veterans need for a prosperous future.”
The Bipartisan Policy Center's Debt Reduction Task Force ("Domenici-Rivlin"), the National Commission on Fiscal Responsibility and Reform ("Bowles-Simpson"), and the Senate's own "Gang of Six" independently concluded that any comprehensive solution should achieve at least $4 trillion in debt reduction if it is to restore public confidence and create the foundation for long-term economic growth.
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