Campaign to Fix the Debt Urges Congress to Agree to a Budget Framework

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Reacting to the First Week of Congress Back in Session, Fix the Debt Urges Congress to Conform to Regular Budget Order or Create an Alternative Process

Fiscal issues did not receive much movement during the first week of Congress back in session after its Memorial Day recess. According to Politico, the White House issued veto threats against the first two bills reported from the House Appropriations Committee, and the Senate Appropriations Committee is expected to put forward a plan that has a $90 billion-plus gap with allocations from the House. Additionally, there is disagreement between the two parties over how to handle the debt ceiling increase - with Democrats seeking a clean increase and Speaker Boehner not taking it off the table as part of budget negotiations.

The Campaign to Fix the Debt, a non-partisan movement to put America on a better fiscal and economic path, reacted to the first week back in session urging leaders in Washington to begin work now to resolve their differences and agree on a responsible budget framework.

“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,” said Maya MacGuineas, who, in addition to leading the Campaign to Fix the Debt, is the President of the Committee for a Responsible Federal Budget, a bipartisan organization focused on educating the public on issues related to fiscal policy.

“For the sake of all Americans, this can’t go on. 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 relative to the economy. Anything else is an abdication of policymakers’ fiduciary responsibility to serve as good fiscal stewards of the country.”
The Campaign to Fix the Debt is working with both parties on a comprehensive deficit reduction deal. The Campaign is composed of individuals from different social, economic and political perspectives who are united by a common belief that America’s growing federal debt threatens the future of the country and must be addressed.

For more information about the Campaign to Fix the Debt, please visit http://www.fixthedebt.org.

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Jon Romano
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