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Home PageNews & EventsNews2010FebruaryLIEBERMAN PRAISES OBAMA FOR ESTABLISHING NATIONAL COMMISSION ON FISCAL RESPONSIBILITY AND REFORM

LIEBERMAN PRAISES OBAMA FOR ESTABLISHING NATIONAL COMMISSION ON FISCAL RESPONSIBILITY AND REFORM

02.18.10

WASHINGTON, D.C. – Senator Joe Lieberman (ID-CT) today issued the following statement in response to President Obama’s decision to sign an executive order establishing the bipartisan National Commission on Fiscal Responsibility and Reform:

 

I am pleased that President Obama has moved quickly to fulfill the commitment made to a number of Senators to establish a bipartisan fiscal commission as a first critical step to regain control over the staggering national debt and annual budget deficits that threaten our economic stability.  I have long advocated a statutory commission, as it has become increasingly apparent that fiscal discipline is nearly impossible to enforce under the normal rules of Congress.  However, since Congress did not approve a statutory commission, I strongly commend the President for establishing the commission under the leadership of former Senator Alan Simpson and Erskine Bowles.”

 

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Saving Medicare and Reducing our Debt


On June 28th, Senators Lieberman and Coburn revealed their bipartisan proposal to save Medicare and reduce the debt. The Lieberman/Coburn proposal would save more than $600 billion over 10 years, based on reviews of Congressional Budget Office (CBO) estimates, and up to an additional $100 billion savings from implementing the program integrity provisions. To learn more about the Medicare proposal, click here


To learn more about Senator Lieberman's efforts to reduce our budget deficit and national debt, click here.