The Adirondack Daily Enterprise notes this week that Rep. Bill Owens (D-Plattsburgh) has embraced the idea that a congressional supercommittee should “go big” on a grand scheme to cut budget deficits.
“The long-term health of our nation depends a great deal on the success of the super committee,” Owens said in a prepared statement. “Members of this panel have an opportunity to set aside politics and do what is best for the country by working together to reduce the deficit.”
A letter was sent to the committee — which is trying to hammer out some kind of budget-balancing deal — by roughly 100 Republicans and Democrats, arguing that “all options for mandatory and discretionary spending and revenues must be on the table.”
So far, the GOP leadership has refused to budget on the idea that a budget plan would include significant revenue increases. What do you think?
Are you hoping for a plan that erases the debt without hiking your taxes? If so, what major programs are you willing to give up?
Or do you think some people should pay more in taxes to close the gap?