Washington, D.C. – The American Gas Association (AGA) joined a multi-industry coalition made up of 155 organizations today in urging the Joint Select Committee on Deficit Reduction, known as the Super Committee, and members of Congress to go beyond the debt reduction target in their legislative mandate in order to stabilize and ultimately reduce the federal debt to a reasonable level.
Following is a statement by AGA President and CEO Dave McCurdy:
“The nation is on an increasingly unstable path and redirecting our trajectory to secure our future requires serious action and tough decisions now.
“America’s economic future is threatened by a fiscal and budget crisis unprecedented in our nation’s history. Big problems demand big solutions. The Super Committee must go beyond its legislative mandate, which does not go far enough in addressing the systemic causes of our nation’s deficit crisis.
“Along with other business leaders, we call for members of the Super Committee and their colleagues in Congress to put in place a multi-year growth and deficit reduction strategy that reforms entitlements, implements comprehensive tax reform, and stabilizes the debt as a share of the economy. Bold action is needed in order to reassure financial markets, restore public confidence, and create the foundation for long-term economic growth and prosperity.
“Natural gas utilities across the nation share a common conviction that we thrive only when our customers and their communities and families thrive. We see enhanced economic and job growth as a prerequisite to achieving the quality of life our customers desire, but growth alone will not be enough. Recommendations made previously by bipartisan commissions, such as Bowles-Simpson, Rivlin-Domenici, provide frameworks for achieving these vital objectives. The time to act on them is now.”
A copy of the letter is available here.