New Mexico – U.S. Senator Jeff Bingaman said Republicans were to blame after learning the Congressional debt reduction super committee' announced it could not reach an agreement on how to reduce the deficit by $1.2 trillion.
"It's unfortunate that the super committee was unable to agree on a plan to reduce our long-term debt. Unfortunately, Republicans took a hard stance against revenue increases, even for the wealthiest Americans, and even went so far as to seek additional tax cuts for that group - a move that would have increased our debt even further.
"In the past few months, Congress cut federal spending by $917 billion, and further cuts of $1.2 trillion are set to occur. But I believe we should develop a more balanced approach. Congress should continue to work to find a solution that includes not only cuts, but requires a shared sacrifice from everyone, including millionaires."