Rich Nugent (R-Fla.), Raúl Labrador (R-Idaho), Austin Scott (R-Ga.), Bill Flores (R-Texas), Mike Kelly (R-Pa.), Steven Palazzo (R-Miss.), Bob Gibbs (R-Ohio), Rob Woodall (R-Ga.), Tim Scott (R-S.C.), Mike Pompeo (R-Kan.), Paul Gosar (R-Ariz.), Tim Griffin (R-Ark.), Andy Harris (R-Md.), Jeff Landry (R-La.), James Lankford (R-Okla.), Chris Gibson (R-N.Y.), Robert Hurt (R-Va.), Nan Hayworth (R-N.Y.), Chuck Fleischmann (R-Tenn.), Bill Huizenga (R-Mich.), Blake Farenthold (R-Texas), Martha Roby (R-Ala.), Sean Duffy (R-Wis.), Mo Brooks (R-Ala.), Ann Marie Buerkle (R-N.Y.), Allen West (R-Fla.), Bill Johnson (R-Ohio), Scott Rigell (R-Va.), Joe Walsh (R-Ill.), Randy Hultgren (R-Ill.), Steve Pearce (R-N.M.), Frank Guinta (R-N.H.), Jeff Denham (R-Calif.), Diane Black (R-Tenn.), Kristi Noem (R-S.D.), Reid Ribble (R-Wis.), Sandy Adams (R-Fla.), Steve Womack (R-Ark.) and Steve Stivers (R-Ohio).
Just over a week ago, the creditworthiness of our country was officially called into question, for the first time since the United States’ “full faith and credit” was established in 1790.
Over the last few months, the House and the Senate have received the same dire warnings from Standard & Poor’s, Moody’s and the other ratings agencies.
The House led by crafting solutions to our debt problem. Months ago, the House passed a budget that reduces short-term deficits by more than $4.4 trillion and addresses the unsustainable, long-term structural deficits that threaten this nation.
Just a few weeks ago, the House passed a bipartisan bill, “Cut, Cap and Balance,” that could have cut federal spending by $111 billion next year, capped future expenditures and required passage of a Balanced Budget Amendment to the Constitution.
In doing so, the House twice met the requirements that Standard & Poor’s laid out to avoid a downgrade.
The Senate, on the other hand, did nothing. So far this year, the Senate has failed to adopt a budget or pass “Cut, Cap and Balance.”
In fact, it has been more than 850 days since the Senate passed a budget. Given the fiscal crisis we are facing as a nation, the Senate’s failure to act is unacceptable — both to our creditors and to all Americans, who must ultimately shoulder the burden of paying our debts.
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