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GOP Super Committee member's 'silver lining' in no deal: We know where to cut

 

As finger-pointing continues from the failure of the congressional “Super Committee” to strike a deal, one member of the panel said he sees a bright spot.

“One small, silver lining in this is we certainly identified many, many programs that have either outlived their usefulness or gotten bloated or are otherwise inappropriate,” said Sen. Pat Toomey (R-PA). “So there are plenty of items to choose from and, while we couldn’t roll them into one big package and get a consensus and get that passed, maybe we can pass some of them individually.”

Speaking with NBC’s Luke Russert on MSNBC’s “The Daily Rundown,” Toomey repeatedly dismissed the idea that more tax revenue is needed to fix the country’s fiscal future.

“We have a spending problem,” the first-term senator said.

A former president of the conservative Club for Growth, which advocates for lower taxes and a simpler tax structure, Toomey had floated a plan among his panel colleagues to increase revenue by $250 billion over the next decade.

Critics said Toomey’s plan wouldn’t put much of a dent in the nearly $15 trillion national debt.

“I don’t think we should be damaging our economy with some job-crushing tax increases,” Toomey said. “My colleagues on the other side think we should.”