Dems’ Unsustainable Spending & Borrowing Spree is Downgraded
FYI, a similar version of this release below went out to the following districts: Jason Altmire (PA-04), John Barrow (GA-12), Sanford Bishop (GA-02), Tim Bishop (NY-01), Leonard Boswell (IA-03), Bruce Braley (IA-01), Lois Capps (CA-23), Dennis Cardoza (CA-18), Russ Carnahan (MO-03), Ben Chandler (KY-06), David Cicilline (RI-01), Gerry Connolly (VA-11), Jim Costa (CA-20), Jerry Costello (IL-12), Mark Critz (PA-12), Henry Cuellar (TX-28), Peter DeFazio (OR-04), Raul Grijalva (AZ-07), Brian Higgins (NY-27), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Kathy Hochul (NY-26), Tim Holden (PA-17), Rush Holt (NJ-12), Steve Israel (NY-02), Bill Keating (MA-10), Ron Kind (WI-03), Larry Kissell (NC-08), Rick Larsen (WA-02), David Loebsack (IA-02), Carolyn McCarthy (NY-04), Jerry McNerney (CA-11), Michael Michaud (ME-02), Brad Miller (NC-13), Bill Owens (NY-23), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Gary Peters (MI-09), Collin Peterson (MN-07), Chellie Pingree (ME-01), David Price (NC-04), Nick Rahall (WV-03), Loretta Sanchez (CA-47), Kurt Schrader (OR-05), Adam Smith (WA-09), Betty Sutton (OH-13), John Tierney (MA-06), Niki Tsongas (MA-05), Pete Visclosky (IN-01), Tim Walz (MN-01), John Yarmuth (KY-03)
Pennsylvania Families Face Consequences for His Consistent Opposition to Serious Deficit Reduction
Washington — The consequences of Jason Altmire’s spending and borrowing spree are now being realized, despite the fact that he and his fellow Democrats still continue to oppose efforts to force the government live within its means. In fact, Jason Altmire voted against the substantial deficit reduction plan passed by the House. Since Altmire and his Democrat leaders continue to stand in the way of real fiscal reform, middle-class families in Pennsylvania could now see their mortgage rates, car payments and student loans become even more expensive when they can afford it least.
“Jason Altmire’s Democrat leaders started this year off by promising to increase spending and borrowing without a cut in sight, and his stubborn defense of their spending binge is revealing serious consequences,” said NRCC Communications Director Paul Lindsay. “Instead of getting serious about his spending addiction, Altmire defended it by opposing the complete plan passed by the House that would have forced Washington to live within its means. Now, Altmire’s spending binge has led to a downgrade of America’s credit rating that could force his Pennsylvania constituents to see their daily lives become even more expensive when they simply can’t afford it.”
Standard & Poor’s downgraded America’s credit rating because they have not seen adequate deficit reduction, which Washington Democrats have been fighting against in order to preserve their failed big-government policies:
“The downgrade from S&P has been brewing for months. S&P’s sovereign debt team, led by company veteran David T. Beers, had grown increasingly skeptical that Washington policy makers would make significant progress in reducing the deficit, given the tortured talks over raising the debt ceiling. In recent warnings, the company said Washington should strive to reduce the deficit by $4 trillion over 10 years, suggesting anything less would be insufficient.”
(Damian Paletta and Matt Phillips, “S&P Strips U.S. of Top Credit Rating,” The Wall Street Journal, 8/6/11)It should be remembered that Washington Democrat leaders started the year by promising to spend and borrow even more, with no serious mention of having the government live within its means. Jason Altmire has consistently defended their wrongheaded priorities, like when he recently opposed the serious plan passed by the House which would have achieved considerably more deficit reduction. Instead, because of Altmire’s continuing opposition to substantive fiscal reform, America is now facing its first ever credit rating downgrade which could very well make life for middle-class families in Pennsylvania even more expensive.
Dems’ Unsustainable Spending & Borrowing Spree is Downgraded http://ow.ly/5XTWX #madeinwdc