Congressman Jim Cooper (D-TN) praised reports that President Obama and Congressional leaders are embracing a fiscal commission designed to address the nation's long term deficit problems. Cooper has long been an advocate for a fiscal commission and introduced the SAFE Commission Act (H.R. 1557) with Representative Frank Wolf (R-VA). The SAFE Commission Act is similar to reports of the President's proposal and has 108 bipartisan co-sponsors. Cooper had this to say about the commission.
"The faster Congress reduces low-priority spending and the deficits, the better off America will be. Every year that Congress waits, the problem is growing trillions of dollars worse. I welcome the White House initiative to create a bipartisan commission on fiscal responsibility that would prevent Congress from ducking these issues any longer. Of course, it would be even better if Congress rose to the challenge on its own but, rather than wait for Congress, let's help this commission complete its work."
The President's agreement would create an 18-member panel with the power to put all options on the table with regard to the tax code and to federal entitlement programs including Medicare, Medicaid and Social Security.