"Like many Americans I am disappointed the Joint Select Committee on Deficit Reduction was unable to come to agreement on how to reduce our staggering national debt. I opposed the legislation that created the "Super Committee," because I believed its formation deferred the hard work facing congress. Although our challenges are steep, failure is not an option and I remain committed to working with members of both parties to find solutions to tackle the looming debt crisis facing our nation."
The Budget Control Act of 2011, which created the Super Committee this past August, contains a provision that requires the Congress to indentify $1.2 trillion in cuts over 10 years. If the Congress fails to enact legislation by January 15, 2012, automatic spending cuts in the amount of $1.2 trillion will go into effect. These cuts would be evenly divided between defense spending and across the board cuts to non-defense mandatory and discretionary spending.