Kind Statement in Advance of Participating in White House Fiscal Responsibility Summit
WASHINGTON, DC – U.S. Rep. Ron Kind (D-WI) today made the following statement in advance of his attendance at the White House’s “Fiscal Responsibility Summit” Monday. The summit is in response to concerns raised by Rep. Kind (D-WI), Vice-Chair of the New Democrat Coalition and member of the House Ways and Means Committee, and others including Majority Leader Hoyer (D-MD), Senate Budget Chairman Conrad (D-ND), and Blue Dog Coalition member Rep. Jim Cooper (D-TN).
“I am pleased President-elect Obama has recognized the need to begin dealing with our long-term fiscal challenges and I look forward to being a part of this summit. Extraordinary economic times have required extraordinary measures, but we simply cannot take an ‘out of sight-out of mind’ attitude to our long-term fiscal health. The Economic Recovery Package just signed into law essentially doubled our trillion-dollar 2009 deficit in one-fell-swoop, and we have a projected $57 trillion in unfunded obligations over the next 75 years.
“Addressing both the looming deficit and our future unfunded obligations will send a message to the bond markets that we are not simply taking a short-term approach to solving this economic crisis. I appreciate President-elect Obama’s commitment to this issue and I look forward to working with him and his Administration as we decide how to best ensure that future generations are not stuck with our unpaid bills.”