Speaker Nancy Pelosi has come out strongly against the deficit reduction proposal put forward by a special bipartisan commission established by President Obama. Here is the Speaker's statement as released by her office:
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Our nation is facing two challenges: the need to create jobs and address our budget deficit.   Any viable proposal from the President's Fiscal Commission must strengthen our economy, but it must do so in a fair way, focusing on how we can effectively promote economic growth. 

"This proposal is simply unacceptable.  Any final proposal from the Commission should do what is right for our children and grandchildren's economic security as well as for our nation's fiscal security, and it must do what is right for our seniors, who are counting on the bedrock promises of Social Security and Medicare.  And it must strengthen America's middle class families--under siege for the last decade, and unable to withstand further encroachment on their economic security."