Bennet: Deficit plan is a “starting point”

Filed under: Daily News | Tags:,

Sen. Michael Bennet says a proposal to reduce the federal deficit should be taken seriously and should serve as a “starting point” for dialogue.

Bennet issued the statement Friday as the proposal came up for a vote before President Barack Obama’s deficit commission.

It failed to get enough support to lead to quick congressional action, but it will survive because it won backing from a bipartisan majority.

The plan relies on a combination of tax increases and painful spending cuts – including a hike in the Social Security retirement age – to slash $4 trillion over the coming decade.

Bennet stopped short of endorsing the plan. He said he didn’t agree with everything in it but said it was right to look at every aspect of the federal government.

– Associated Press