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House Passes Bipartisan Agreement to Avert Debt Crisis


Location: Washington, DC

Congressman Chris Gibson (NY-20) voted today in support of legislation, the Budget Control Act of 2011, that raises the nation's debt limit with a $2.1 trillion cut in spending. The agreement was the result of bipartisan negotiations between the leadership of the House and Senate, and the President. His statement on the vote is as follows:

"This evening, after careful review, I voted yes on the final compromise agreement to avert our current debt crisis while cutting spending. The legislation cuts $2.1 trillion in spending, while protecting Medicare and Social Security. To be clear, my preferred approach was the Cut, Cap, and Balance Act. However, I believe the final agreement embodies those principles, and makes significant changes that will put us on a path of restoring fiscal responsibility. This is accomplished through cuts, enforceable caps on future spending, and a requirement to vote on a Balanced Budget Amendment to the Constitution.

"Quite simply, voting no would have demonstrated an unwillingness to compromise. My constituents sent me to Washington to achieve results and this bipartisan agreement is an important first step toward fiscal discipline"

The legislation passed the House by a vote of 269-161.

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