Here is her statement.
“I am extremely disappointed that the deficit reduction Super Committee was unable to produce a bipartisan deal. This was a missed opportunity at a time when our country needs visionary leadership. Total revenues into the Treasury today – at 14 percent – are at lowest they’ve been since the Eisenhower Administration. For our country to rebound, that number needs to be at least 18 percent. We must have a balanced plan that increases revenues, reforms entitlement programs and streamlines spending where possible. Democrats showed their willingness to discuss entitlement reform; sadly the committee could not reach a balanced approach. It is really unfortunate that Republicans weren’t willing to have a meaningful discussion about raising revenues on households making over a million dollars as part of a strategy for reducing
the deficit. We must put partisan politics aside and work together to get our fiscal house in order and put our economy back on track.”
Also, in a press release, last week, Sen. Landrieu joined a bicameral, bipartisan group of lawmakersin calling for the Super Committee to “go big” and produce a plan to reduce the deficit by at least $4 trillion.
The talks failed despite the discussion that there might be a "new Idea" as expressed by one commmittes person. the Dow dropped 248 points.
The super committee's responsibiliy was to findways to cut deficits by at least $1.2 trillion over 10 years starting in 2013.