Senator Patty Murray (D-WA), Chair of the Senate Budget Committee, issued a memorandum to Senate Democrats on February 27 describing the current fiscal outlook for the United States. She reports that that the nation’s economic outlook has improved since 2009 and that the government has already taken measures to reduce the deficit by $3.3 trillion. While long-term deficit projections have improved, more work needs to be done, include raising revenue from the highest earning corporations and individuals.
Senator Murray calls on Congress to focus on “other growing deficits” that affect struggling families. She cites the gap between wages and rental housing costs as a challenge for employed families saying, “Earning the minimum wage, an American worker would have to hold two and a half full-time jobs to be able to rent a two-bedroom home.” She also says that Congress “cannot afford to underestimate the very real impact” that deficit reduction efforts have had on families, and present and future communities.
View Senator Murray’s memo: http://1.usa.gov/1dJ9Haj