DeMINT"S DeMANDS
Today, U.S. Senator Jim DeMint (R-South Carolina) made the following statement after both the Speaker of the House John Boehner (R-Ohio) and Senate Leader Harry Reid (D-Nevada) released new debt limit increase plans.
“The plans released by both parties today fail to take our debt crisis seriously and will invite a downgrade in America’s credit rating,” said Senator DeMint. “Moody’s and S&P say we must have credible, long-term reforms to lower our debt or we will likely lose our AAA rating. But instead of serious reforms, both punt the hard decisions and create another useless deficit commission that won’t offer real solutions and would likely result in tax increase recommendations that destroy jobs. We’ve had at least 17 commissions over 3 decades and we’ve got $13 trillion in new debt to show for it. We don’t need another commission, we need to stop the reckless spending and balance the budget.”
“As I’ve said before, if you aim for principled reform, you win elections in the bargain; if you just aim for elections, you get neither. By competing with Democrats to create a better political debt deal, instead of a debt solution, Republicans are playing a lose-lose game. This is bad policy and bad politics. It seems our leaders have learned nothing from the Continuing Resolution disaster that promised big spending cuts but was just smoke & mirrors.”
“Neither plan stops the spending binge in Washington. Both plans assume we will run enormous deficits and rack up trillions of dollars in new debt with no end in sight. It could not be clearer that unless we pass a balanced budget amendment to force Washington not to spend more than it takes in, we will bankrupt our nation.”
“I will work to oppose both of these downgrade deals and continue to fight for Cut, Cap & Balance. The bipartisan House-passed Cut, Cap & Balance is the only plan on the table that will ensure we keep our AAA rating and the only plan that will ever allow us to pay down our debt instead of perpetually increasing it.”
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“The plans released by both parties today fail to take our debt crisis seriously and will invite a downgrade in America’s credit rating,” said Senator DeMint. “Moody’s and S&P say we must have credible, long-term reforms to lower our debt or we will likely lose our AAA rating. But instead of serious reforms, both punt the hard decisions and create another useless deficit commission that won’t offer real solutions and would likely result in tax increase recommendations that destroy jobs. We’ve had at least 17 commissions over 3 decades and we’ve got $13 trillion in new debt to show for it. We don’t need another commission, we need to stop the reckless spending and balance the budget.”
“As I’ve said before, if you aim for principled reform, you win elections in the bargain; if you just aim for elections, you get neither. By competing with Democrats to create a better political debt deal, instead of a debt solution, Republicans are playing a lose-lose game. This is bad policy and bad politics. It seems our leaders have learned nothing from the Continuing Resolution disaster that promised big spending cuts but was just smoke & mirrors.”
“Neither plan stops the spending binge in Washington. Both plans assume we will run enormous deficits and rack up trillions of dollars in new debt with no end in sight. It could not be clearer that unless we pass a balanced budget amendment to force Washington not to spend more than it takes in, we will bankrupt our nation.”
“I will work to oppose both of these downgrade deals and continue to fight for Cut, Cap & Balance. The bipartisan House-passed Cut, Cap & Balance is the only plan on the table that will ensure we keep our AAA rating and the only plan that will ever allow us to pay down our debt instead of perpetually increasing it.”
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