Alexander on Debt Ceiling Negotiations, President’s Remarks

Says, “Congress must insist on significant reductions in the federal debt at the same time we honor the government’s obligations”

Posted on July 25, 2011

WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, tonight issued the following statement regarding the debate over increasing our nation’s debt ceiling and President Obama’s address:

“At a time when Washington is borrowing 40 cents of every dollar it spends, Congress must insist on significant reductions in the federal debt at the same time we honor the government’s obligations. I have cosponsored several plans to strike this balance and I hope the President will work with us to achieve a reasonable result.”

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