Beginning at the Pilgrim Senior Center in Warwick, and in subsequent stops at the Cranston and Westerly Senior Centers, Langevin told audiences that he will continue to fight for a balanced approach to tackling our nation's debt. He also pointed out that a mix of cuts and revenues will allow us to get our fiscal house in order while pursuing the job-creating policies that put people back to work and, as a result, increase those individuals' tax contributions.
"It was not an easy vote to cast, but I concluded that I had no choice but to vote to raise the debt ceiling to ensure that this country does not bear the harmful consequences that would come from default," Langevin said. "I voted for this bill with the assurance that it provides some critical safeguards to important programs on which our most vulnerable citizens rely, with no cuts to Social Security, Medicaid or Medicare benefits if the trigger goes into effect. We can't ask seniors to sacrifice when the wealthiest few are not asked to do the same."
The next phase of deficit reduction required by the bill will bring together a committee of Representatives and Senators, three each from both parties, to find at least $1.5 trillion in additional savings.
"Moving forward with our debt reduction plan, I will need to see a balanced approach and recommendations that do not unduly burden low and middle-income families, seniors or our children," said Langevin. "The only fair solution includes shared sacrifice with increased revenues from those can afford it through closing tax loopholes and demanding a fair share from large corporations and the very wealthy."