DeMint Statement on Latest Debt Limit Plan

Statement

Today, U.S. Senator Jim DeMint (R-South Carolina) made the following statement:

"Our nation is on the edge of a fiscal cliff as the President's failed spending policies have left us with a tattered economy and over $14 trillion in debt. I care deeply for the people of this country and our future prosperity, and believe that if we don't tackle this debt crisis immediately that we may be unable to stop our slide into economic disaster. While I appreciate the improvements made to the House debt plan, I cannot vote for any increase in the debt limit that does not first send a strong balanced budget amendment to the states that forces Washington to stop spending more than it takes in. And I do not support passing along the responsibilities of 535 members of Congress to a fast-track 12-member commission with the power to raise taxes without extended debate and amendment. Principled conservatives may disagree on this matter, and I respect their opinion, but I believe America cannot wait any longer before we get serious about balancing the budget."

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