Source: David Ward, U.S. Senator Richard Burr - Press Office, 8/5/11

Tonight, U.S. Senator Richard Burr (R-NC) issued the following statement regarding the decision by S&P to downgrade the United States’  long-term credit rating:   “Tonight's decision by S&P underscores my concerns throughout the duration of the recent debt debate - that we need to make meaningful cuts in spending, reform our entitlement programs, and simplify our tax code to lower rates if we have any hope of putting our nation back on the path to fiscal responsibility.  We must act now in order to prevent this crisis from getting any worse.  Clearly, what we have done so far is not enough.”