McMorris Rodgers Reacts to Moody’s Warning on National Debt

Jun 14, 2011
Budget & Fiscal Responsibility
Press

 

Credit Rating Agency’s Outlook
Highlights Needs for Bipartisan Debt Reduction Plan

Washington, DC – Rep. Cathy McMorris Rodgers (R-WA), Vice Chair of the House Republican Conference, released the following statement today after the Moody’s credit rating agency warned that the U.S. government’s credit rating could be downgraded.

“One day after President Obama met with House Republicans and pledged to work with us in a bipartisan fashion to get our fiscal house in order, Moody’s warning is fresh reminder that federal spending and borrowing are out-of-control and we are rapidly nearing a tipping point that could have devastating effects on our economy.  Raising the debt ceiling without significant cuts in government spending and fundamental budget reform would be the height of irresponsibility.  Not only would it increase the uncertainty that job creators are currently experiencing, it would also create an even bigger debt crisis for the next generation.  For the sake of today’s economy and the future of the American Dream, we need a bold, comprehensive plan to get our debt under control, and we need it urgently.”

After yesterday’s White House meeting, Rep. McMorris Rodgers joined other House Republican leaders at a press conference.  To watch her remarks, click here.

Video of the Congresswoman’s remarks was included in the Associated Press’ article, GOP Lawmakers Press Obama on Specific Budget Cuts.  To watch that video – which also contains parts of Speaker John Boehner’s statement – click here.

Recent Posts


Oct 10, 2024
Standing with Israel

McMorris Rodgers Leads Bipartisan Legislation to Foster Alignment of Middle East Partners, Counter Iran

Washington, D.C. – Today, Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) introduced bipartisan, bicameral legislation to improve security and military readiness between the United States and Abraham Accords nations. The Learning Integrated National Knowledge (LINK) Act would connect strategic, operational, and tactical senior commanders through an exchange program to foster greater integration and alignment.  This […]



Oct 7, 2024
Agriculture

McMorris Rodgers Helps Introduce Bipartisan 4-H Week Resolution

Washington, D.C. – Today, Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) helped introduce a bipartisan resolution to designate the week of October 7 through October 12 as “National 4-H Week.” She was joined in introducing the resolution by the co-chairs of the 4-H Caucus, Reps. Glenn “GT” Thompson (R-PA), David Scott (D-GA), and Henry Cuellar […]



Sep 24, 2024
Standing with Israel

Abraham Accords Caucus Introduces Bipartisan Resolution to Promote Peace and Tolerance in Education

Washington, D.C. – The Co-Chairs of the Abraham Accords Caucus, Cathy McMorris Rodgers (R-WA), Brad Schneider (D-IL), Ann Wagner (R-MO), and David Trone (D-MD), have introduced a bipartisan resolution encouraging the U.S. Department of State and civil society organizations to further the goals of the Abraham Accords by promoting peace and tolerance through education across […]