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January 03. 2013 8:59PM

Former U.S. Rep Swett says debt deal math doesn't add up

A former New Hampshire congressman, speaking on behalf of the bipartisan Campaign to Fix the Debt-New Hampshire says the deal to avert the "fiscal cliff" was a meager effort.

"Tuesday's debt deal was a move in the right direction, but it wasn't much of one," said Dick Swett, a Democratic former U.S. House member from the state's 2nd District.

"Lawmakers need to do a lot more to address country's real debt problems," said Swett, a member of the Fix the Debt Steering Committee. "As we enter the new year, I encourage legislators to constructively cooperate and collaborate, and put the good of our nation ahead of politics by addressing the nation's long-term debt problems."

The New Hampshire campaign said the agreement "did little to tackle the biggest drivers of the country's fiscal problems or tackle the growing national debt. Without meaningful entitlement, tax and spending reforms the debt will continue to grow, continue to endanger jobs and economic growth, and continue to put an even greater burden on future generations."

The local group is calling for "reforms to further control spending, ensure the sustainability and solvency of entitlement programs, and reform the U.S. tax code to promote and greater revenue."


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