Tag Archives: national taxpayers union

Tea Party representatives claim debt deal responsible for downgrade because it did not cut enough (Part 1)

 
The Tea Party members in the Republican Party voted against the debt deal and have even claimed that the debt deal did not cut enough out of the budget and that is why the USA got a downgrade in the  credit rating.

 

 
 
Washington, D.C., Aug 5-Congressman Jack Kingston (R-GA) released the following statement after Standard and Poor’s announced they have lowered the United States credit rating to AA+:“For the first time in history, the credit rating of the United States has been downgraded.  This confirms my belief that the debt ceiling increase signed into law this week does not go far enough to change the nation’s fiscal trajectory.  Congress should immediately reconvene to take up the fundamental reforms necessary to right the ship and lay the groundwork for a more stable and secure future for our children and grandchildren.“I have put forth legislation which can be brought up today to cut spending immediately and bring the budget to balance in five years.  With it and with a balanced budget amendment to the United States Constitution, we can answer the call for leadership necessary to face our fiscal challenges.”NOTE: Earlier this year, Kingston introduced legislationto limit total federal spending as a percentage of the economy.  Americans for Prosperity, National Taxpayers Union, Club for Growth, Americans for Tax Reform, Citizens United, and Americans for Limited Government have all endorsed the plan.

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S&P Downgrade Stark Reminder We Must Get Our Fiscal House in Order

Aug 6, 2011 Issues: Spending Cuts and Debt 
 

Today Rep. Todd Rokita responded to news that Standard & Poor’s lowered the United States’ long-term credit rating from AAA to AA+:

“Last night’s announcement by Standard and Poor’s is the starkest reminder yet that we must get our fiscal house in order and put our nation back on a fiscally sustainable trajectory.  The debt ceiling increase passed by Congress and signed by President Obama failed to do that.”      

The choices may be hard, but the way forward is clear.  We cannot continue to spend money we don’t have.  The time has come for a balanced budget amendment to the Constitution.

Sending a balanced budget amendment to the states will give the American people a vote on their future and the opportunity to force politicians to stop borrowing from China and stealing from our children and grandchildren.”    

Rokita is the co-author of a balanced budget amendment to the Constitution. 

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