Go Big
The Committee for a Responsible Federal Budget -- along with many other lawmakers, business leaders, former government officials, and organizations -- is calling on leaders in Washington to enact a comprehensive deficit-reduction plan of at least $4 trillion to put the U.S. back on a sustainable fiscal path. In order to stabilize and reduce debt as a share of the economy, lawmakers will have be bold and "go big."
On this page, CRFB will centralize all of the research, letters, op-eds, statements, and other resources making the case for Congress and the White House to Go Big on debt reduction.
On February 2, 2012 at a House Budget Committee hearing on the economic outlook, Federal Reserve Chairman Ben Bernanke voiced his support for a comprehensive deficit reduction plan, responding to a question from Rep. Mike Simpson (R-ID) and saying:
The $4 to $6 trillion, Congressman, was a number talked about for the next decade, and the idea was that achieving that would stabilize the debt-to-GDP ratio--maybe get some progress there--and I was supportive of going big, so to speak, when we--we, the country--were discussing those issues last summer. So, yes, I think a very substantial attack on the deficit is needed.
CRFB Go Big Resources
Policy Papers:
- Going Big Could Improve the Chances of Success
- What We Hope to See From the Super Committee
- Why the Super Committee Must Go Big
- Going Big Means Don't Stop Until You Get Enough
Other Resources:
- Slideshow: The Case for Going Big
- Urge the Presidential Candidates to Debate the Debt
- Recap of September 21st Go Big Event
- Videos of Lawmakers and Budget Experts Making the Case for Go Big
- Citizens' Resource Page
- Press Release: House and Senate Join Together in "Go Big" Effort
- Get Involved with the Fix the Debt Campaign
Outside Support for Go Big
Lawmakers:
- Letter from 45 Senators
- Letter from 100 Members of the House of Representatives
- Letter from Blue Dog Democrats
- Letter from Reps. Carney (D-DE), Renacci (R-OH), Meehan (R-PA), Quigley (D-IL) and Welch (D-VT)
Business Community:
- Letter from 155 Business Groups
- Second Letter from 200 Business Groups
- Release from the Committee for Economic Development
- JP Morgan: Why Financial Markets Are Paying Close Attention to the Super Committee
- Letter from Business Roundtable
- Statement from Leaders of the Partnership for New York City
- Letter from the American Business Conference
Other Support:
- Letter from 60+ Former Government Officials, Business Leaders, and Experts
- Letter from the National Conference of State Legislatures
- Editorial Boards and Other Outside Experts
- Support for "Go Big" Grows As Super Committee Deadline Nears
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