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Pence on S&P Debt Warning: "We've Got to Change the Way We Spend the People's Money"

Statement

Date: April 19, 2011
Location: Washington, DC
Issues: Finance and Banking

U.S. Congressman Mike Pence issued the following statement regarding Standard and Poor's changing its outlook on U.S. Treasury securities from "stable" to "negative":

"The news from S&P provides more evidence that Washington must get serious about dealing with our nation's debt crisis. With a $14 trillion national debt, I will not support an increase in the debt ceiling without real and meaningful changes in spending in the short-term and the long-term. We've got to change the way we spend the people's money."


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