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Statement On The Fiscal Cliff Deal From Campaign To Fix The Debt Steering Committee Member And Honeywell CEO David Cote

WASHINGTON, Jan. 2, 2013 /PRNewswire-USNewswire/ -- "The compromise to avert the fiscal cliff outlined by our leaders in Washington is a small step in the right direction, but overall it's a missed opportunity to revive our economy and show U.S. citizens, financial markets, the world, and the business community that the U.S. can still govern effectively. I urge our leaders to get back to the table as soon as possible, put politics aside, and work out a plan that will truly help to expand the U.S. economy over the long-term. We cannot give up now, that's not how a great nation acts. The components of a better, bigger deal are all there. 

I am, however, encouraged by statements made by both Democrats and Republicans that more work still needs to be done. This work must include agreement on a market credible plan that further reduces the debt as a percentage of GDP, including meaningful entitlement and tax reform, and also addresses the looming debt ceiling. If this can be achieved, I still believe there's a chance for market confidence and stability in 2013, which will help to create jobs and deliver a more robust economic recovery."

For more information on the Campaign to Fix the Debt, please visit www.fixthedebt.org.

SOURCE Campaign to Fix the Debt

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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