Hoyer: Sequester Report Demonstrates Need for Big, Balanced Deficit Reduction Plan

For Immediate Release:

September 14, 2012

Contact:

Katie Grant, 202-225-3130

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement on the sequester transparency report issued today by the Office of Management and Budget on the effects of sequestration:

“Today’s report demonstrates exactly why we need to replace the sequester by passing a big and balanced deficit reduction plan this year.  If the sequester were to take effect in January, the consequences would be devastating to our economy and to our national security.

“We cannot afford to let these cuts take effect.  This report provides ample evidence that we need a concerted effort to reach common ground on a balanced approach that addresses our fiscal challenges in a serious way and finds the savings necessary to replace the sequester.  I hope Republicans will view this report as a wake-up call and start working with Democrats to do what the American people expect of us in Congress.” 

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