Coburn Releases $9T “Back in Black” Deficit Reduction Plan
July 18, 2011
U.S. Senator Tom Coburn, M.D. (R-OK) today released a new report “Back
in Black” that outlines how the federal government can reduce the
deficit by $9 trillion over the next ten years and balance the federal
budget. The 614-page plan was the result of a thorough and exhaustive
review of thousands of federal programs.
“The American people are tired of Washington waiting until the last
minute to avoid a crisis, particularly when it is a crisis Washington
itself created. The crisis, though, is not the debt limit deadline. The
crisis is Congress’ refusal to make hard choices and reduce a debt that
has become our greatest national security threat. The plan I am offering
today gives Washington 9 trillion reasons to stop making excuses and
start solving the problem,” Dr. Coburn said.
“Both parties will no doubt criticize portions of this plan and I
welcome that debate. My goal is not to replace the work of the budget
committees but to show the American people what is possible and
necessary. What is not acceptable, however, is not having a plan and
delaying reform until some perfect political moment that will never
arrive. The fact is doing nothing is a tax increase, a benefit cut for
seniors and the poor, and a betrayal of the core values both parties
hold dear,” Dr. Coburn said.