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Senators Burr & Hagan Throw Support Behind ‘Gang of Six’ Deficit Plan

NC Public Radio reported this morning that both of North Carolina’s US senators have come out publicly in support of the bipartisan “Gang of Six” deficit-reduction plan.

Although the plan leaves much to be desired and shares many flaws with the Bowles-Simpson framework it’s meant to implement, it does succeed in taking a significantly more balanced and reasonable approach to the nation’s long-term deficit than the radical, dangerous and ill-conceived “cut, cap, and balance” plan passed in the US House earlier this week (with the support of eight of North Carolina’s thirteen members of congress – Reps. Shuler & McIntyre among five Dems nationally to vote yes, Rep. Jones among nine GOPers nationally to vote no).

It remains to be seen whether enough members of the House would be willing to support the Gang of Six deal in order to avert a disastrous default on the nation’s debt, but the substantial bipartisan support in the Senate suggests that the tide may be turning in favor of a large-scale deal on the debt ceiling that incorporates a balanced approach.

2 Comments

  1. Plumbing

    July 24, 2011 at 7:38 am

    Support surged in both parties Tuesday for a $3.7 trillion deficit reduction outline proposed by the “gang of six,” but leaders warned that it might have come too late to have much effect before August.

  2. M. Huling

    July 26, 2011 at 5:50 pm

    I am very concerned about the state of our country. For almost forty years, I have voted in every national, state, and local election. Through the years, I have voted both for Democratic and Republican candidates. I try to stay abreast with current affairs by listening/reading a variety of sources and not letting biased newscasters/slick commercials sway my views and decisions.

    It appears to me that our country is steadily becoming an oligarchy and for this trend, I place most blame on the Republican Party. Our economy desperately needs to be revived. Many people are suffering from unemployment and rising prices. Yet at this time, the Republican Party seems only interested in gaining total power over the national government for the benefit of themselves as well as their wealthy business supporters. If our country and its “little” people suffer, it doesn’t seem to matter. Our politicians, both Republican and Democrat, need to do some soul searching and put the country first-not the next election!

    I agree that we need to balance the budget, but now is not the time for it. We need to raise the debt ceiling as it has been raised in the past. We also need to spend money on projects that will stimulate job growth. Balancing the budget on the backs of those that need the most help is shameful! Social security and other entitlement programs should not be touched at this time. Instead of reducing government spending, we need to eliminate the Bush era tax breaks for the wealthy and unnecessary business tax breaks such as for the oil industry. I am so tired of hearing about the “trickle down” effect. We have had over ten years of the trickle down plan to take effect. It hasn’t happened.