Despite approaching deadline for raising the debt ceiling, President Obama has yet to produce a concrete plan to address our nation's colossal debt

Despite the fast-approaching deadline for raising the debt ceiling, President Obama has yet to produce a concrete plan to address our nation's colossal debt. Meanwhile, his failed economic policies have left individuals and businesses struggling. Senate Republicans hope the president will stop obstructing real reform and work with Republicans to put in place responsible economic policies to reduce the debt and create an environment where businesses can grow and create jobs.

VIDEO CREDIT: RepublicanSenators

TEXT CREDIT: Senate Republican Conference 405 Hart Senate Office Building Washington, DC 20510 Telephone: (202) 224-2764 Fax: (202) 228-4276

Congressman Phil Gingrey Applauds House Passage of Cut, Cap, and Balance Act

Washington - Congressman Phil Gingrey, M.D. (R-GA) today issued the following statement in support of the House of Representatives passing the Cut, Cap, and Balance Act: “I am proud to be a co-sponsor of the Cut, Cap, and Balance Act of 2011 and I applaud both my Republican and Democrat colleagues in the House for supporting this legislation to fundamentally change our government’s spending habits. By the end of this year, our national debt will grow larger than our entire economy. The actions set forth in the Cut, Cap, and Balance Act will help to stabilize our economy by enacting long-term spending cuts without raising taxes on over-burdened and hardworking Americans. At a time when struggling families are sacrificing to balance their resources, I am pleased that our federal government is finally doing the same. I urge the President, as well as my Democrat colleagues in the Senate, to immediately take up and approve this historic legislation.”

The House of Representatives passed H.R. 2560, the Cut, Cap, and Balance Act of 2011, by a vote of 234 to 190.

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TEXT and IMAGE CREDIT: gingrey.house.gov/ FOR IMMEDIATE RELEASE Tuesday, July 19, 2011 Contact: Brooke Sammon 202-225-2931