WASHINGTON, D.C.—U.S. Sen. Saxby Chambliss, R-Ga., has announced that he has organized and will help lead a bipartisan coalition of 34 U.S. senators who will encourage the members of the congressional “super committee” to seek the broadest possible bipartisan agreement to address the nation’s deficits and debt. This group of 17 Republicans, 16 Democrats and one Independent builds upon Sen. Chambliss’ yearlong efforts, along with Sen. Mark Warner, D-Va., to craft a deficit and debt framework as the two co-founders of the Senate’s bipartisan “Gang of Six.”
“If we don’t responsibly address the debt issue now, for the first time in the history of our country, our generation is going to leave the next generation an America that is not as good and wholesome as the America we inherited,” Sen. Chambliss said. “Until we do something about it, that debt is increasing by about $4 billion a day.”
“I am pleased to have partnered once again with my colleague and friend Saxby Chambliss to organize this new bipartisan group representing one-third of the members of the U.S. Senate. Our coalition of 34 senators has agreed to work together to encourage the ‘super committee’ to act boldly to reach the broadest possible agreement to strengthen our economy, encourage more job creation and greater investment, and to begin putting America back on a sustainable fiscal path,” Sen. Warner said.
As part of the August compromise on raising the debt ceiling, a bipartisan, bicameral 12-member panel was appointed to identify $1.5 trillion in budget savings over 10 years, in addition to the nearly $1 trillion in savings included in the debt-ceiling legislation.