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Rep. Shuler statement on Boehner proposal
Story Date: 7/27/2011
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Source: PRESS RELEASE, 7/26/11
Today U.S. Representative Heath Shuler released the following statement regarding Speaker of the House John Boehner’s debt ceiling proposal:
“The American people are rightfully tired of the nonstop partisan bickering in Washington that does nothing to address the problems facing our nation. I am disappointed by the proposal put forward last night by Speaker John Boehner. I believe it is fiscally irresponsible and nothing more than political posturing that threatens the economic security of our country. To suggest that we should subject the country and the markets to this level of uncertainty about the full faith and credit of the United States government in a few short months is extremely reckless. National and international bond rating agencies have already stated that a short-term extension will result in a downgrading of America’s credit rating. That will mean higher mortgages, car payments, and credit card interest rates for American consumers, further threatening our economic recovery. Additionally, we simply cannot afford to kick the can a little further down the road. That is how we got in this position in the first place. Now is the time for the adults in Congress to come together, reach a bipartisan solution, and put America on a sustainable fiscal path for generations to come.
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