Rehberg Statement on U.S. Debt Downgrade

Statement

Montana's Congressman, Denny Rehberg, released the following statement in response to the unprecedented downgrade of the U.S. government's "AAA" sovereign credit rating by Standard & Poor.

"Every hard working Montana taxpayer knows that your credit score doesn't go down because you can't get your next credit card fast enough. A credit score goes down when you blow through your credit limits. For years, I've stood with hard working Montana taxpayers warning that the consequences of reckless federal overspending were closer than we thought. Well, with $47,000 in debt for every American man, woman, and child, those consequences have arrived. This is a wake-up call to the big spenders with their heads in the sand. Bold action is required. It's time for a balanced budget requirement in the Constitution. In fact, we likely would have prevented this if we'd tied a balanced budget amendment to the debt limit increase like many of us tried to do."

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