The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt
WASHINGTON, Jan. 31, 2013 /PRNewswire-USNewswire/ -- "With both houses of Congress now having passed a temporary waiving of the nation's debt ceiling, now is the time for members of both houses, and both parties, to meaningfully address the need to control the unsustainable trajectory of our national debt.
"Suspending the debt ceiling doesn't make the threat of our dangerous debt trajectory magically go away. This temporary waiver serves as a reminder that the country is borrowing too much and changes will have to be made. Our growing debt burden will imperil our capacity for a sustained recovery, higher levels of economic growth, and the budgetary flexibility needed to respond to threats and opportunities in the years to come. Yesterday's revelation that GDP contracted in the fourth quarter of last year – in part due to the anticipation of continued partisan bickering over fiscal issues – only serves to underscore the importance of our elected leaders reaching a comprehensive agreement to reduce the deficit and start controlling the debt.
"The Campaign to Fix the Debt will continue working with Congress and the Obama Administration in order to promote a deal that advances comprehensive pro-growth tax reform and addresses structural changes to strengthen entitlement programs for future generations."
For more information on the Campaign to Fix the Debt, please visit www.fixthedebt.org.
SOURCE The Campaign to Fix the Debt