WASHINGTON, June 4, 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:
"With Congress back in session this week, we are once again bearing witness to a slow-motion fiscal train wreck on Capitol Hill. Both Democrats and Republicans are trying to find ways to renege on adhering to the reduced spending levels set up by the 'sequester' – the House has begun moving bills that can be expected to exceed the defense allotment under sequestration and the Senate is planning to allocate more overall discretionary spending than the law prescribes – rather than replacing it with a more responsible package of savings. Meanwhile, there is no plan for a responsible way to increase the debt limit even as the Treasury Department engages in 'extraordinary measures' to avoid a default.
"For the sake of all Americans, this can't go on. Our leaders in Washington must begin work now to resolve their differences and agree on a responsible budget framework. Congress should conform to regular budget order and appoint conferees to hash out an agreement between the House and Senate budget resolutions, or come up with an alternative process to get this work done in a timely and responsible way. Congress and the White House need to work to put in place a budget, raise the debt ceiling, and include enough long-term deficit reduction to put our debt on a sustainable, downward path. Anything else is an abdication of policymakers' fiduciary responsibility to serve as good fiscal stewards of the country."
For more information about the Campaign to Fix the Debt, please visit www.fixthedebt.org.
SOURCE Campaign to Fix the Debt