• June 16, 2009

    McIntyre Co-Sponsors Bill To Address Nation’s Mounting Debt

    Washington, D.C. - U.S. Congressman Mike McIntyre announced today that he has co-sponsored legislation to address the long-term fiscal condition of our nation by setting a timeline for Congress to reform spending and taxes.

    Congressman McIntyre stated, “Our national debt is over $11 trillion dollars and growing by the second!  We need to be moving forward with a plan to pay back this borrowed money.  This legislation is a positive step forward in doing just that, and I will be working to push it forward.”

    The Securing America’s Future Economy (SAFE) Commission Act would create a 16-member panel comprised of the White House OMB Director and Treasury Secretary; four members appointed by the Senate Majority Leader and four appointed by the Speaker of the House; three appointed by the House Minority Leader and three appointed by the Senate Minority Leader. No more than four Members of Congress could sit on the commission. It would be tasked with holding town hall meetings around the country and then submitting a report that balances long-term spending and revenue scenarios for the nation. If Congressional leaders fail to introduce their own proposal, the SAFE Commission’s legislative proposal is automatically brought to the House floor. If passed, it is sent to the Senate for similarly expedited consideration.