We should continue meeting with the President to try to negotiate a workable and verifiable agreement. Republicans have offered a plan that puts us on the path toward eliminating the deficit and reducing the national debt by making long-term structural changes. This could be the basis of an agreement that would pay immediate dividends in the credit markets, boost consumer confidence and be a plus for our economy and national security.
“We must end the dangerous cycle of spending and borrowing that has pushed the federal government up against the debt limit and caused Standard and Poor’s to downgrade our credit rating outlook to ‘negative.’”
TEXT CREDIT: Chairman Spencer Bachus Financial Services Committee 2129 Rayburn HOB Washington, DC 20515 202-225-7502
IMAGE CREDIT: Spencer Bachus Washington Office 2246 Rayburn Building Washington, DC 20515 (p) 202-225-4921 (f) 202-225-2082
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