Jordan Statement on Passage of the Debt Limit Deal
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Washington, Aug 1 -
Congressman Jim Jordan (R-Urbana) released the following statement regarding his vote against the debt limit deal agreed to by President Obama and Congressional leaders.
"At the beginning of the year, Democrats demanded a blank check increase in the debt limit with absolutely no spending cuts attached. When that didn't work, they demanded an upfront agreement for huge tax increases on America's job creators. Conservatives stood firm, and we succeeded in forcing Washington to begin addressing its spending-driven debt crisis."
"When looking at the details of this deal, a few concerns in particular rise to the top. The framework opens the door to dangerous national security cuts and raises the possibility that six Democrats and one misguided Republican could put tax increases on the table."
"The requirement that Congress vote on a Balanced Budget Amendment is a positive step. Unless we send a Balanced Budget Amendment to the states, however, promises to cut spending today can always disappear tomorrow. It happens year after year, and it will happen again unless Americans remain vigilant."
"Our AAA credit rating remains at risk because President Obama and his fellow tax-and-spend liberals refused to support the Cut, Cap, and Balance plan that could actually solve our debt problem and prevent a credit downgrade. Supporters of the Balanced Budget Amendment have come a long way this year, but there's still a lot of work to be done."