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
Top 10 Reasons Why the National Debt Matters
At $36 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.
What Are Refundable Tax Credits?
The cost of refundable tax credits has grown over the past several years, with the number and budgetary impact of the credits increasing.
Three Reasons Why Assuming Sustained 3% Growth is a Budget Gimmick
Lawmakers are reportedly counting on 3 percent economic growth for the next decade. Here are three key reasons why that is an irresponsible budget gimmick.