WASHINGTON - Ways and Means Ranking Member Sander Levin (D-MI), in an interview today on ABC News’ Top Line, reiterated the cataclysmic consequences of defaulting on our obligations and said the Gang of Six proposal shows the need for a balanced approach to reducing our deficit:
KEY POINT: “I think the Gang of Six comes forth with a breakthrough in this sense: that the Republicans in the House have said don’t touch revenue, even loopholes. …. And essentially the Gang of Six is saying, ‘Republicans as well as Democrats, we have to have a balanced approach. Revenues as well as savings.’ In that respect and some others, I think the Gang of Six has served an important purpose."
