Begich Welcomes Creation of Federal Debt Commission
Feb. 18, 2010
Addressing America’s growing federal budget deficit, President Obama today issued an executive order establishing an 18-member bipartisan Federal Debt Commission. U.S. Senator Mark Begich, an advocate of such a policy in the U.S. Senate, issued the following statement praising this action:
“It is clear that our expanding national debt threatens sustained economic growth, burdens future generations and leaves the future of our economy in the hands of other nations. Leaving our budget deficit unaddressed is reckless and unsustainable.
“In the Senate, I co-sponsored a bipartisan effort to create a federal debt commission. This effort received broad bipartisan support but ultimately failed to pass because of the same partisan fighting which has prevented Congress from acting to dramatically reduce our national deficit.
“President Obama’s executive order is a positive step which will help our nation establish more responsible financial policies that promote long-term fiscal discipline.
“The bipartisan co-chairs and their experience demonstrate the seriousness of the commission’s work. I look forward to Republicans and Democrats working together to create a future of fiscal certainty by appointing members to the commission and considering its recommendations on the floor of the Senate and House.
“As a member of the Senate Budget Deficit Caucus, I have advocated for and supported successful legislative efforts to rein in our deficit, such as ‘pay-go’ legislation. I will continue to support efforts that promote responsibility, transparency and efficiency in government spending.”