Posted on 08/10/2011 8:47:50 AM PDT by SeekAndFind
LOUISVILLE, KY U.S. Senate Republican Leader Mitch McConnell Wednesday announced his appointments to the 12-member Joint Select Committee on Deficit Reduction tasked with reducing the deficit by $1.5 trillion more than the cuts already identified in the Budget Control Act. McConnell appointed Sens. Jon Kyl (R-Ariz.), Pat Toomey (R-Pa.), and Rob Portman (R-Ohio).
Chronic joblessness, out-of-control deficits and debt, and an unprecedented credit downgrade represent an historic challenge but also an historic opportunity for lawmakers in Washington to show they can work together on a plan that puts America back on the path to prosperity. All three of these appointees understand the gravity of our situation and all three will bring the kind of responsibility, creativity, and thoughtfulness that the moment requires. The American people know that we cannot dig ourselves out of this situation by nibbling around the edges, and I am confident that each of these nominees can be counted on to propose solutions that put the interests of all Americans ahead of any one political party.
The bipartisan, bicameral select committee is a central part of the new Budget Control Act and is tasked with reducing the deficit by at least $1.5 trillion over the next 10 years. The 12-member committee is equally divided among Senate Republicans, Senate Democrats, House Republicans and House Democrats. The panel must vote on legislation by November 23. Legislation reported from the committee will receive expedited consideration in both chambers and be voted on by December 23.
If the committee produces legislation that achieves $1.2 trillion or greater in savings and that legislation is enacted into law, the President would then have the authority to request a debt limit increase of an equal amount (subject to disapproval & veto), capped at $1.5 trillion. Should the committee fail to agree on legislation, or if that legislation is not passed and signed into law by the President, a sequester mechanism would trigger automatic cuts. However, the sequester was designed by both parties to create a strong incentive for the committee to succeed. Depending on the deficit reduction enacted by the Joint Committee, the total debt limit increase could be at least $2.1 trillion but not more than $2.4 trillion.
My main criteria for selecting members was to identify serious, constructive senators who are interested in achieving a result that helps to get our nations fiscal house in order, McConnell said. That means reforming entitlement programs that are the biggest drivers of our debt, and reforming the tax code in a way that makes us more competitive and leads to more American jobs. The goal is to achieve a result that convinces Americans and the world that were committed as a nation to prosperity for all our citizens.
Sen. Jon Kyl was elected unanimously by his colleagues in 2008 to serve as Republican Whip, the second highest position in Senate Republican leadership. He is a senior member of the Finance Committee and a leading advocate of pro-growth tax policies. Kyl is in his third term in the Senate after serving four terms in the House of Representatives. He was the Senate Republicans lead negotiator in the deficit reduction talks led by the Vice President over the summer.
Sen. Pat Toomey is a member of the Budget, Banking, Commerce and Joint Economic Committees and has been a leader on economic, financial services, and budgetary issues. Toomey is in his first term in the Senate after serving three terms in the House of Representatives. Sen. Toomey has run a small business and served as the president of The Club for Growth.
Sen. Rob Portman will be the only former Director of the Office of Management and Budget on the Joint Committee. He is a member of the Budget Committee and serves on the Subcommittee on Federal Financial Management (Homeland Security and Governmental Affairs Committee). Sen. Portman is in his first term in the Senate. He served in the House of Representatives from 1993 to 2005 when he became the U.S. Trade Representative. While serving in the House of Representatives, he served as Vice Chair of the House Budget Committee and as a member of the House Ways & Means Committee. In 1997, Portman co-chaired the National Commission on Restructuring the Internal Revenue Service with Senator Bob Kerrey of Nebraska.
No, Rubio must be protected from this nonsense since he will be the next vp.
Toomey is a Tea Party fiscal hawk and covers for Rand Paul.
Portman is a solid pick because he is a former OMB Director and knows the budget inside out.
Kyl is the interface with all aspects of the GOP caucus as the minority whip.
These are solid choices.
Toomey and Portman aren’t up for election until 2016, Kyl’s retiring.
Not a serious bunch IMO.
Sen. Pat Toomey (R-PA) - 100 (House term rating)
Sen. Rob Portman (R-OH) - 88 (House term rating)
I expected much worse so I guess I’ll be happy. At least Toomey is on there.
In what way do you think a committee can be “unconstitutional”?
But if Kyl is planning on retiring, he has nothing to lose and may go back to the “strong man” position.
Ryan or Cantor should have got his spot.
He picks a guys who is now UNACCOUNTABLE to the voters with no voter-anger leverage to hold him accountable! Utterly DISGUSTING!
McConnell needs to be REPLACED and VOTED OUT!
DO you know they are all rich? I mean, it’s a good guess as most senators are rich. And Reid’s picks were all white, although he did pick a female.
I find myself unable to compliment McConnell, and it's not any fun to pick on Boehner anymore, so I find myself in the singularly unfamiliar situation of having nothing to say on this topic.
Portman is a fiscal conservative.
Kyl is Juan McAmnesty-Democrat’s biotch.
After thinking a little more about it I agree. we don;t want our stars on this ridiculous panel. Instead some under the radar types to sabotage the thing from within and the rest to toss grenades (as you put it) from the outside.
...for those interested. :D
D@mn! (Washington D.C. Establishment) Senator Mitch "go along to get along" McConnell
Repeal the 17th Admt. and bring the Senators home and (rigidly) held accountable the 10th Admt.
Seems there are no horses but an awful lot of jackasses...
That about the size of it. The dimocrats will see to that. Reid's picks for the Committee is proof.
great picks
Toomey is an open borders, illegal lover-at least he was when he was President of The Club for Growth.
Really not a very nice thing to say about the Freepers on this thread.
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