This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Statement From The Campaign To Fix The Debt

The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt

WASHINGTON, Jan. 31, 2013 /PRNewswire-USNewswire/ -- "With both houses of Congress now having passed a temporary waiving of the nation's debt ceiling, now is the time for members of both houses, and both parties, to meaningfully address the need to control the unsustainable trajectory of our national debt.

"Suspending the debt ceiling doesn't make the threat of our dangerous debt trajectory magically go away. This temporary waiver serves as a reminder that the country is borrowing too much and changes will have to be made. Our growing debt burden will imperil our capacity for a sustained recovery, higher levels of economic growth, and the budgetary flexibility needed to respond to threats and opportunities in the years to come. Yesterday's revelation that GDP contracted in the fourth quarter of last year – in part due to the anticipation of continued partisan bickering over fiscal issues – only serves to underscore the importance of our elected leaders reaching a comprehensive agreement to reduce the deficit and start controlling the debt.

"The Campaign to Fix the Debt will continue working with Congress and the Obama Administration in order to promote a deal that advances comprehensive pro-growth tax reform and addresses structural changes to strengthen entitlement programs for future generations."

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

SOURCE The Campaign to Fix the Debt

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 This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs