07.25.2011 0

Rep. Jim Jordan Says ‘No Thanks’ to Speaker Boehner’s Debt Plan

Rep. Jim Jordan (R-OH), Chairman of the Republican Study Committee, is calling for a rejection of Speaker Boehner’s proposed debt plan. Here is what Rep. Jordan had to say:

“While I thank the Speaker for fighting for Republican principles, I cannot support the plan that was presented to House Republicans this afternoon.”

“The credit rating agencies have been clear that no matter what happens with the debt limit, the U.S. will lose its AAA credit rating unless we produce a credible plan to reduce the debt by trillions of dollars.  Cut, Cap, and Balance is the only plan on the table that meets this standard.  Only a Balanced Budget Amendment will actually solve our debt problems.”

“Washington wants a deal.  Americans want a solution.  The Senate should resume debate on the Cut, Cap, and Balance Act, amend it if necessary, and pass it, so we can provide the American people a real solution.”

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