Statement by Steve Bell on the House Blue Dog Coalition's New Debt Stabilization Principles

WASHINGTON, March 31, 2011 /PRNewswire-USNewswire/ -- The following is a statement by Steve Bell, Senior Director of the Bipartisan Policy Center's Debt Reduction Task Force, on the debt stabilization principles released by the Blue Dog Coalition in the House of Representatives yesterday:

"The Blue Dog Coalition should be commended for releasing its own set of benchmarks, Blue Dog Benchmarks for Fiscal Reform, to address the nation's looming debt crisis.  By including discretionary spending restraints, revenue raisers, and entitlement reform, their outline for action signals that meaningful reform requires everything to be on the table.

"This is a strong signal that Congress is coming closer to addressing this fiscal crisis, and this moderate group of lawmakers has shown that they are ready to negotiate and hammer out a deal.  There are no sacred cows in this process, and averting financial catastrophe requires compromise – even from faithful partisans.

"The Bipartisan Policy Center applauds the Blue Dog Coalition for its balanced approach to this fiscal challenge and remains optimistic that similar benchmarks will be agreed upon by the Senate 'Gang of Six' negotiators and other Members of Congress.  A comprehensive and bipartisan approach will be required to address the nation's rising debt and ensure America's leadership in the world."  

About the Bipartisan Policy Center:

In 2007, former U.S. Senate Majority Leaders Howard Baker, Tom Daschle, Bob Dole, and George Mitchell formed the Bipartisan Policy Center (BPC) to develop and promote solutions that can attract the public support and political momentum to achieve real progress. Currently, the BPC focuses on issues including health care, energy, national and homeland security, transportation and economic policy. For more information, please visit our website: www.bipartisanpolicy.org.

SOURCE Bipartisan Policy Center

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