Republican U.S. Senate candidate and former Hewlett-Packard CEO Carly Fiorina said this morning she opposes the creation of an 18-member “deficit commission” to study ways to both raise revenue and cut spending to get control of the nation’s rapidly expanding deficit – a proposal on which the Senate is expected to vote today.
“We don’t need a commission to study the federal deficit – what we need is a commitment to cut federal spending. We know why we have a deficit: Congress spends too much money, and for the last 26 years, Barbara Boxer has been complicit in perpetuating that system. It’s Congress’ job to address the deficit, and if they can’t – or won’t – then the people need to replace them with leaders who can fix it.”
“Raising revenue is politician’s code for raising taxes. Giving the government more money is in no way a solution to the deficit; in fact, it will only make the deficit worse. What we need is to cut spending and aggressively go after the waste and abuse in the federal budget, and we need leaders who are not afraid to take the steps to do it, rather than create a commission to avoid it.”
Republican U.S. Senate candidate and former Congressman, state finance director and Cal business school dean Tom Campbell said yesterday he favors creating the commission, so long as it doesn’t raise taxes.
“America’s economy will continue hurting and Americans will continue losing jobs until real action is taken to cut federal spending and dramatically reduce our nation’s $12 trillion federal deficit. Unless this happens, we will have sold our economic soul to other nations and mortgaged future generations of Americans, jeopardizing our national security and our leadership in the world.
“The proper approach is to get agreement on where to cut federal spending, much the way we approached the closure of military bases.
“I was a Member of Congress when the Base Closure and Realignment Commission was constituted and met. Indeed, I was one of the very few Congressmen to testify in favor of the base closures list, even though it included a base in my district — Moffett Naval Air Station. As difficult as this was, I supported it because I knew our nation’s good compelled that we embrace savings.
“The same approach should be taken to achieve savings more generally, throughout the entire federal budget. The idea of a commission is good. The idea of having it report for an up or down vote to the House and Senate is good. But its focus should be on identifying areas to cut spending. As presently proposed, the Commission goes beyond that, and even points to tax increases as part of the solution. I think that’s entirely wrong-headed.
“The solution to the budget deficit at the federal level is to constrain spending, not increase taxes. We should also re-establish the Gramm Rudman Hollings law that automatically cut federal spending across-the-board if Congress did not meet specific deficit-reduction targets.”
I’ve not heard anything on this from U.S. Senate candidate Assemblyman Chuck DeVore, R-Irvine, who I see will be in Oakland for a fundraiser tomorrow night; perhaps he’ll be watching President Obama’s State of the Union address there?
UPDATE @ 12:44 P.M.: The Senate rejected the idea.