This is an important moment for our country. Millions of Americans are struggling in this tough economy, working overtime to pay the bills, find a job, and find a way forward for their families, and they want this Committee to force the federal government to make similar sacrifices without the red hot partisanship and brinksmanship of the last months. 

Every member of Congress knows the importance of getting our fiscal house in order. We hear every day about the importance of ensuring our country is strong for generations to come, and we look forward to working with our colleagues on both sides of the aisle and in both chambers to address these issues in a balanced, pragmatic and practical way. 

This is not going to be easy. Our challenge is to find common ground without damaging anyone’s principles. We believe we can get there. This Committee was designed to require bipartisanship, and we are going to work hard with our Republican colleagues to attain it. We know Americans will stand by us if we work together to tackle our debt and deficit and help get our economy back on track.

This Committee has to tackle the urgent challenge we face today, but it’s also about what we want our country to look like 10 years from now, 20 years from now, and for generations to come. Americans are demanding leadership, and we are going to work hard to deliver it.