April 11, 2011

Atlanta, GA
U.S. Sen. Mark Warner (D-VA) U.S. Sen. Saxby Chambliss (R-GA)
 Deficits as Far as the Eye Can See…

Source: OMB Historical Table 1.2--Summary of Receipts, Outlays, and

Surpluses or Deficits as Percentages of GDP: 1930–2015
Source: OMB Historical Table 7.1--Federal Debt at the End of Year: 1940–2015
Source: Committee for a Responsible Federal Budget: 2010-2020
Interest Payments will Skyrocket

Source: Committee for a Responsible Federal Budget

Why Now?
 Everything Must be on the Table

Source: Table 16-1 – Estimates of total income tax expenditures for fiscal years
2009-2015
Source: Table 8.1 – Outlays by Budget Enforcement Act Category: 1962-2015
 Social Security:
The Number of Workers for Every Retiree is Declining

Source: 2010 OASDI Trustees Report, Figure IV.B2.—Number of

OASDI Beneficiaries Per 100 Covered Workers
 Tax Revenues
By Source

Source: 2010 CBO Updated Outlook Table 1.2

 A Bipartisan Plan
Achieve $4 trillion in deficit reduction through 2020

Ensure lasting Social Security solvency

Sharply reduce tax rates, simplify the code to make

America more Competitive

Preserve ability to invest in America’s priorities

For more information please visit:

www.fiscalcommission.gov

warner.senate.gov
chambliss.senate.gov