Roskam Statement on S&P’s Downgrading U.S. Credit Outlook
April 19, 2011 | Filed Under Business, Democrats/Leftists, Economy/Finances, GOP, Government, Government, Corruption, House of Representatives, Illinois, Liberals, Peter Roskam, Republicans, Taxes, Warner Todd Huston | Comments Off
Congressman Peter Roskam (R, ILL), Chief Deputy Whip, issued the following statement after the ratings agency Standard and Poor’s downgraded the United States long-term credit outlook from stable to negative:
“Today’s S&P change in its outlook for the U.S. to negative is the latest ominous warning that we can’t wait any longer to fundamentally address Washington’s spending and debt. While President Obama is advocating for the Washington status-quo, S&P’s warning is clear: the cost of waiting will have grave consequences for our economy and our kids’ futures. There is a way out of this. House Republicans have already passed a fact-based budget that would fundamentally lower spending, save crucial programs, and create a debt-free future for generations to come. Imagine what we could pass on to our kids and grandkids: a future free of crushing taxes and indebtedness to China. The urgency for action could not be clearer. I urge the White House and Washington Democrats to eschew the status-quo and to join us in meaningfully reducing our spending and debt.”
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