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November 201011.10.10 DRAFT DOCUMENT
Co-Chairs' Proposal
DRAFT
 
Overview
Guiding principles and values
Highlights of Co-Chairs’ proposal
Deficit and debt reduction
Discretionary spending cuts
Tax reform options
Mandatory spending cuts
Health care savings
Other mandatory savings
Social Security adequacy and solvency
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DRAFT
 
Our Guiding Principles and Values
1.
We have a patriotic duty to come together on a planthat will make America better off tomorrow than it istoday
America cannot be great if we go broke.Our economy will not growand our country will not be able to compete without a plan to get this crushing debt burden off our back.
Throughout our history, Americans have always been willing tosacrifice to make our nation stronger over the long haul. That’s thepromise of America:to give our children and grandchildren a betterlife.
American families have spent the past 2 years making toughchoices in their own lives. They expect us to do the same. TheAmerican people are counting on us to put politics aside, pull together not pull apart, and agree on a plan to live within our meansand make America strong for the long haul.
3
DRAFT
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