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    Committee For a Responsible Federal Budget
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    The Blue Dog Coalition, a group of fiscally conservative House Democrats, released benchmarks for fiscal reform calling to cut the deficit by $4 trillion over 10 years and stabilize the debt. The benchmarks include cutting the deficit through two thirds spending cuts and one third revenue increases, reforming entitlement programs, and reducing discretionary spending. Maya MacGuineas, President of the Committee for a Responsible Federal Budget, praised the Blue Dog framework and called for bipartisan action to address the nation's mounting debt problem.

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    The Blue Dog Coalition, a group of fiscally conservative House Democrats, released benchmarks for fiscal reform calling to cut the deficit by $4 trillion over 10 years and stabilize the debt. The benchmarks include cutting the deficit through two thirds spending cuts and one third revenue increases, reforming entitlement programs, and reducing discretionary spending. Maya MacGuineas, President of the Committee for a Responsible Federal Budget, praised the Blue Dog framework and called for bipartisan action to address the nation's mounting debt problem.

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    9 views1 page

    Blue Dogs Press Release

    Uploaded by

    Committee For a Responsible Federal Budget
    The Blue Dog Coalition, a group of fiscally conservative House Democrats, released benchmarks for fiscal reform calling to cut the deficit by $4 trillion over 10 years and stabilize the debt. The benchmarks include cutting the deficit through two thirds spending cuts and one third revenue increases, reforming entitlement programs, and reducing discretionary spending. Maya MacGuineas, President of the Committee for a Responsible Federal Budget, praised the Blue Dog framework and called for bipartisan action to address the nation's mounting debt problem.

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    CHAIRMEN

    BILL FRENZEL
    Blue Dogs Issue Benchmarks for Fiscal Reform
    JIM NUSSLE
    TIM PENNY March 30, 2011
    CHARLIE STENHOLM
    Today the Blue Dog Coalition—a group of fiscally conservative House
    PRESIDENT
    MAYA MACGUINEAS
    Democrats—released benchmarks for fiscal reform, calling for a bold
    package to put the national debt on a sustainable path.
    DIRECTORS
    BARRY ANDERSON
    We commend the Blue Dogs for offering a sound framework and are
    ROY ASH
    CHARLES BOWSHER hopeful that it will inform and encourage bipartisan action in Congress on
    STEVE COLL a comprehensive, multi-year fiscal plan that puts the country on a
    DAN CRIPPEN
    VIC FAZIO
    sustainable course.
    WILLIAM GRADISON
    WILLIAM GRAY, III Among the Blue Dog criteria include cutting the deficit by $4 trillion over
    WILLIAM HOAGLAND
    DOUGLAS HOLTZ-EAKIN
    the next 10 years, stabilizing the debt at or below 60 percent of GDP by
    JIM JONES 2024, and returning discretionary spending to 2008 levels by 2013. The Blue
    LOU KERR Dogs call for two thirds of deficit reduction to come from spending and a
    JIM KOLBE
    JAMES MCINTYRE, JR. third from revenues—with everything on the table, including security and
    DAVID MINGE non-security discretionary cuts, taxes, entitlement reform, other mandatory
    MARNE OBERNAUER, JR.
    policies, and process reforms.
    JUNE O’NEILL
    PAUL O’NEILL
    RUDOLPH PENNER “The Blue Dogs have done an excellent job outlining the parameters for
    PETER PETERSON
    legislative action to confront our mounting debt,” said Maya MacGuineas,
    ROBERT REISCHAUER
    ALICE RIVLIN President of the Committee for a Responsible Federal Budget. “Their
    CHARLES ROBB framework is bold and balanced, and we’d all be lucky if the final deal
    MARTIN SABO
    ALAN K. SIIMPSON
    reflects their proposal. While this is not the only approach to fixing our
    JOHN SPRATT budget challenges, it is one that would not only reassure markets, it lends
    GENE STEUERLE itself to bipartisan compromise, which is a key stepping stone to success.”
    DAVID STOCKMAN
    JOHN TANNER
    LAURA TYSON In the last two weeks, 64 Senators and, separately, 10 former chairs of the
    GEORGE VOINOVICH Council of Economic Advisers called on the White House to negotiate a
    PAUL VOLCKER
    CAROL COX WAIT comprehensive deficit reduction plan.
    DAVID M. WALKER
    JOSEPH WRIGHT, JR.
    “The Blue Dogs have added their voice to a growing chorus of leaders and
    SENIOR ADVISORS experts from both sides of the aisle who are ready to come together to solve
    ELMER STAATS this problem,” MacGuineas said. “The President and congressional
    ROBERT STRAUSS leadership should heed the call.”

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