Source: United States Senator for Pennsylvania Pat Toomey
Washington, D.C. – U.S. Senator Pat Toomey (R-Pa.) released the following statement opposing the legislation that would allow the debt ceiling to be raised by a simple majority vote.
“I have not in the past, and I will not now support an increase in our nation’s borrowing limit without instituting reforms to move our country’s finances into a more sustainable direction. Unfortunately, today’s vote was nothing of the sort, and this new authority will enable a simple majority to worsen the already dire fiscal state of the country. As one small consolation, it will be abundantly clear to everyone that the Democrats’ reckless tax and spending spree will require a mountain of new debt. Democrats must now specify the amount of borrowing authority necessary to cover their reckless tax and spending spree.”
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