Congressman Steve Scalise today released the following statement after the S&P downgraded the US credit rating from AAA to AA+.
"The unprecedented downgrade of the US credit rating is a resounding indictment of President Obama's failed extreme liberal agenda that has run millions of jobs out of our country due to job-killing taxes, rampant out-of-control government spending, and radical policies like the President's health care law," Scalise said. "We cannot allow our nation to keep sinking like quick sand into financial ruin, and we need immediate accountability to correct the damage done by the Obama Administration. Just a few months ago, Treasury Secretary Tim Geithner assured Americans that there would be no downgrade, and in light of last night's announcement it is time for him to do what is best for our country and resign from his post, followed by a reversal of the extreme liberal agenda pursued by President Obama that devastated our once-golden credit rating under his watch.
"The U.S. House of Representatives continues to offer solutions to create American jobs and get our economy back on track, only to have those bills be opposed by the White House and liberals running the Senate. Senate Leader Harry Reid and President Obama must stop playing politics with America's future if we are going to preserve the American dream and create good jobs."