WASHINGTON – U.S. Senator Ben Cardin (D-MD), a member of the Finance and Budget committees, issued the following statement on the failure of the Joint Select Committee on Deficit Reduction (also known as the Super Committee) to reach a plan that will bring our budget into balance.
“I am enormously disappointed that the Super Committee has failed to come out with a comprehensive plan that can provide a framework that will help our nation’s economy recover from this pro-longed recession. This was doable and the American people are justified in being disappointed that the Super Committee could not put aside partisan differences to seek a compromise that will create jobs, stimulate future economic growth and reduce our budget deficit.
“Sequestration is a drastic step. It does not take effect until 2013 and I urge my congressional colleagues to work together to develop a plan that will rebuild America by stimulating job growth, helping small businesses succeed and investing in our nation’s future. I believe we can achieve these goals while we also address our budget deficit in a responsible, balanced and fair manner.”