U.S. Sen. Saxby Chambliss, R-Ga., made the following statement regarding the president's speech today on our nation's fiscal challenges:
"For the past ten years, economic growth has been at two percent or less. Our debt is nearly $17 trillion, and nothing we did last night addressed our deficit spending. Americans have demanded that leaders in both parties make the necessary changes to put our nation on track to sustained economic growth and real job creation. These choices may not be ones we would like to make, but ones we must make -- now. Bowles-Simpson laid out a straightforward approach to addressing our nation's enormous fiscal challenges. With spending levels lowered through sequestration, we can now focus on reforming entitlements, simplifying the tax code to lower rates, and invigorating the economy. It is time to look beyond the recent short-term debates and embrace a comprehensive, balanced plan that will restore America to economic greatness."