Huizenga Statement on Standard & Poor's Downgrading the US's Credit Rating

Statement

"This is an unfortunate day for America. What's worse is it was avoidable: the credit agencies warned we must have a long-term substantial plan to show we were serious about attacking America's debt addiction. House Republicans stepped up to the plate with three plans that did that. Unfortunately, Senate Democrats and the President didn't even want to show up to the game, and the plan they insisted on didn't cut enough spending to prevent this from happening.

Enough is enough. This is the strongest signal yet our spending addiction has real consequences and we must stop, so we can regain our AAA rating.

We can do that with a substantial solution that cuts government spending significantly and immediately, controls it in the long-term, and ensures accountability permanently by passing a Balanced Budget Amendment to the U.S. Constitution on to the states for ratification."

Source