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More than 60 senators call on Obama to join deficit-reduction talks [View All]

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alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-18-11 01:06 PM
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More than 60 senators call on Obama to join deficit-reduction talks
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Source: The Washington Post

More than 60 senators from both parties are calling on President Obama to lead them in developing a comprehensive plan to rein in record budget deficits, a powerful sign of bipartisan willingness to abandon long-held positions on entitlement spending and taxes.

In a letter sent Friday to the White House, the 64 senators urge Obama to support a broad approach to solving our current budget problems along the lines of recommendations issued last year by a presidentially appointed commission. That plan calls for sharp cuts in government spending, elimination or reduction of dozens of popular tax breaks and an overhaul of Social Security that would include raising the retirement age to 69 for todays toddlers.

While we may not agree with every aspect of the Commissions recommendations, we believe that its work represents an important foundation to achieve meaningful progress on our debt, the senators wrote. By approaching these negotiations comprehensively, with a strong signal of support from you, we believe that we can achieve consensus on these important fiscal issues.

The letter was drafted by Sens. Michael Bennet (D-Colo.) and Mike Johanns (R-Neb.), who said in a conference call Friday with reporters that it took them only a couple of days to convince a super-majority of their colleagues to sign the letter 32 Republicans and 32 Democrats.

Read more: http://www.washingtonpost.com/business/economy/more_tha...
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