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Reducing the Deficit

AGENDA: Deficit Commission

America now owes over $14 trillion to our creditors. This is simply unsustainable.

 

Last year I served on President Obama’s Fiscal Commission, which was charged with creating a long term plan to reduce our debt. When the final recommendations were put to a vote, I voted Yes.

 

It was not an easy decision, and I knew then that my vote will be widely criticized by some, but I believed then that it was the right thing to do. I still do.

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President Obama's Budget: Innovation
February 16, 2011

[WASHINGTON, D.C.] Durbin describes President Obama's budget and the targeted investments in key research and development programs for the next fiscal year to help promote innovation. Durbin, a member of the President's bipartisan fiscal commission, has been working with Senators from both parties to develop a responsible plan for reducing our debts in the future while promoting desperately-needed job creation now.

President Obama's Budget: Innovation Press Conference
February 16, 2011

[WASHINGTON, D.C.] Senator Durbin hold a press conference, with Senate Majority Leader Harry Reid, on President Obama's proposed budget. Durbin describes the targeted investments in key research and development programs for the next fiscal year to help promote innovation on our campuses and in our labs so that the growth industries of tomorrow are founded here today.



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