U.S. Senator Chris Coons (D-DE) today called on Congress and the White House to include the Save As You Go mechanism in its negotiations to ensure that Washington can’t run away from making the hard choices that need to be made on our dangerous annual deficits and staggering national debt.
Coons is a member of the Senate Budget Committee.
“Under our current budget process, the path of least political resistance is to keep revenues low while offering a high level of services,” Coons wrote in an op-ed appearing Friday in POLITICO.com. “Balanced budgets are fundamentally against the short-term interests of politicians from both parties. Our growing national debt is neither a Republican nor a Democratic problem, but rather a shared, structural problem. We need a way to keep both parties at the table.”
Save As You Go, or SAVEGO, is a backstop designed to ensure that, if Congress and the White House cannot save enough money each year to bring our budget back under control, their inaction will not lead to devastating economic consequences.
1 comment:
Coons is a nobody.
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