FOR IMMEDIATE RELEASE
November 22, 2011
Mulvaney Statement on Joint Select Committee on Deficit Reduction Agreement
ROCK HILL, SC– U.S. Congressman Mick Mulvaney (SC-05) issued the following statement on the congressional effort to reduce the deficit and create jobs:
“No deal is better than a bad deal, keeping in mind that one way or another, spending was going to be reduced by $1.2 trillion, regardless of the outcome of the Super Committee. So, to that end, I am grateful the Super Committee did not commit to any hastily-conceived, ill-advised eleventh hour solutions.
“I think it is important to note that the Republicans at least offered a plan in an attempt to jump start negotiations. The Democrats on the committee never made any tangible offer. Not one. And the President left the country. I think that speaks volumes to their commitment from the outset. Where Republicans continue to offer solutions to our debt problem, solutions including tax code and regulatory reform, ideas that would stop Washington’s spending spree and get American’s back to work, no plausible solution has been offered by the Democrats.
“But there remains one other possibility to avoid the automatic cuts that has gone largely overlooked: passage of a balanced budget amendment by both houses of Congress. While an effort to that end failed in the House last week, there is still time to do the right thing in the Senate.
“What should not be lost in this entire debate, however, is the fact that any solution would likely have been insufficient. We face out-of-control spending and a national debt upwards of $15 trillion and growing. The $1.2 trillion the Super Committee was charged with finding is still just dancing around the edges of the issue.
“I encourage leadership of both parties to review and re-examine the only comprehensive offering that has bipartisan support, and which actually solves our debt problem: the Republican Study Committee’s Cut-Cap-and-Balance Plan.”