U.S. Sen. Jay Rockefeller, D-W.Va.
“The ‘supercommittee’ has concluded its work, but the debate in Washington on our long-term fiscal outlook is far from over.
“I want West Virginians to know that Congress has taken important steps this year to address our debt situation by cutting billions from the budget while still trying to protect the middle class. The Budget Control Act immediately cut $917 billion over the next decade and includes additional automatic across-the-board spending cuts of $1.2 trillion starting in 2013.
“The nonpartisan Congressional Budget Office has told us that if we maintain these spending cuts, and avoid spending $1 trillion extending the Bush tax cuts for wealthy Americans, then our debt will be at a level most economists consider to be healthy by 2021. As we debate this important subject in the weeks and months ahead, I will continue to stick to my core principles.
“We must enact a tax policy that reverses the deep divide between the very rich and everyone else, protects West Virginians from harmful cuts to Medicare and Medicaid, and makes sure Social Security is not jeopardized for current or future generations of retirees.”