Statement in Response to the U.S. Senate Vote on the Conrad-Gregg Amendment
Statement by David M. Walker:
“It is a great disappointment that the Senate did not act in the best interests of the American people and take this opportunity to create a statutory commission to address our growing fiscal challenge. Now that the Congress has failed to act, the President should move to establish a commission by Presidential Order and the Congress should take steps to ensure that the commission’s recommendations will be voted on.”
“A special commission is needed to cut through the partisan gridlock and ideological divide so that we can begin to put the federal government’s finances in order. The time to act is now.”
About PGPF
PGPF is dedicated to increasing public awareness of the nature and urgency of key economic challenges threatening America’s future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. For more information, see www.PGPF.org.
Further Reading
The Debt Ceiling Will Be Reinstated on January 1 — Here’s What’s at Stake
One of the first, and most consequential, decisions facing newly elected lawmakers will be what to do with the debt ceiling.
How Does Student Debt Affect the Economy?
As overall student debt has grown over the past decade, it is apparent that such borrowing can place a financial burden on households.
How Does the Federal Government Subsidize Healthcare Under the ACA — and What Does It Cost?
In 2025, the expansions of the premium tax credit under the Affordable Care Act will expire, and lawmakers will have to decide whether to extend them.