Statement from the Campaign to Fix the Debt

Mar 01, 2013, 15:41 ET from Campaign to Fix the Debt

WASHINGTON, March 1, 2013 /PRNewswire-USNewswire/ -- 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:

"Today, as the across-the-board 'sequestration' spending cuts take effect, President Obama met with Congressional leaders to start discussing ways to avert their implementation. This meeting came too late, and unsurprisingly concluded without a productive outcome. The Campaign to Fix the Debt urges both Parties to reengage in meaningful talks aimed at replacing the sequester with a comprehensive plan to control our long-term debt, one that confronts the debt's true drivers – our long-run entitlement costs and our inefficient tax code. Our elected leaders must look beyond the short-term political perils of the 'optics' of sitting down to negotiate, and actually sit down and negotiate.

"This latest budget crisis in Washington is just another in a long series of political games, failed attempts, and manufactured emergencies created by our elected leaders that have collectively failed to control the long-term trajectory of our national debt. These made-up crises negatively impact the economy and threaten to turn our fragile recovery in the wrong direction – harming small businesses and middle-class families and leaving the next generation with the bill and the burden. All the while our national debt gets worse and continues to grow by $3 billion every day Congress and the President fail to act. It's time for Washington to take action to get our national debt under control and to strengthen and protect our economy for this and future generations."

For more information on the Campaign to Fix the Debt, please visit

SOURCE Campaign to Fix the Debt