In Case You Missed It: Chamber of Commerce, Concord Coalition, Committee for a Responsible Budget and the Peterson Foundation Applaud Bipartisan Policy Center Debt Reduction Plan

WASHINGTON, Nov. 17, 2010 /PRNewswire-USNewswire/ -- The U.S. Chamber of Commerce and various budget organizations applauded the Bipartisan Policy Center's (BPC) release of Restoring America's Future, a bipartisan, bold and politically realistic plan to restore the nation's economy and reduce the debt.  The BPC's Debt Reduction Task Force is co-chaired by former Senate Budget Committee Chairman Pete Domenici and former White House Budget Director Alice Rivlin.

"We commend the BPC's valuable contribution to the deficit reduction debate and thank co-chairs Senator Pete Domenici and Director Alice Rivlin," said U.S. Chamber of Commerce Senior Vice President and Chief Economist Marty Regalia.  "The report, along with the recommendations made by Erskine Bowles and Alan Simpson of the President's Deficit Commission, is a powerful reminder of three things: the tremendous harm we are inflicting on our economy by failing to get the deficit under control; the unconscionable burden we are passing on to future generations; and that practical solutions can be found when public leaders work together on a bipartisan basis and with the long-term interests of the country in mind."

"This is a credible and comprehensive path to a more responsible federal budget," said Robert L. Bixby, Concord's executive director and a member of the BPC's Debt Reduction Task Force. "It demonstrates that when people with diverse perspectives commit themselves in good faith to negotiating a comprehensive plan to meet our nation's fiscal challenges, they can do it."

"Hats off to former Senator Pete Domenici and Alice Rivlin," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget and a member of the BPC's Debt Reduction Task Force.  "This plan is a tremendous accomplishment and will add to the important discussion of how to address the national debt."

"The report released today by the Bipartisan Policy Center's Debt Reduction Task Force is another blueprint that demonstrates that America can succeed in overcoming its long-term fiscal challenges. The report represents another example of how both parties can come together to develop and agree on a comprehensive solution that puts our nation on a sustainable fiscal path," said Michael A. Peterson, Vice Chairman of the Peter G. Peterson Foundation.

To download the full Restoring America's Future plan, click here. To read the full statements of support, click here.

About the Bipartisan Policy Center:

In 2007, former U.S. Senate Majority Leaders Howard Baker, Tom Daschle, Bob Dole, and George Mitchell formed the Bipartisan Policy Center (BPC) to develop and promote solutions that can attract the public support and political momentum to achieve real progress. Currently, the BPC focuses on issues including health care, energy, national and homeland security, transportation, science and economic policy. For more information, please visit our website: http://www.bipartisanpolicy.org/.

SOURCE Bipartisan Policy Center