Manzullo Voted On Bipartisan Legislation To End Immediate Debt Crisis

Congressman Don Manzullo-R-Egan- tonight voted for bipartisan legislation to end our immediate debt crisis while cutting spending significantly enough to maintain America's ;strong AAA credit rating necessary for a strong and healthy economy.

" The legislation cuts spending more than increases the debt ceiling and does not increase taxes. It also requires the House and Senate to vote on a Balanced Budget Amendment by the end of the year. The legislation is supported by Citizens Against Government Waste, Americans for Tax Reform, National Federation of Independent Business, National Association of Manufacturers, the U.S. Chamber of Commerce and many other groups.

" The bill is far from perfect. I think we could have cut spending much more deeply. But it does go far enough to preserve our strong AAA credit rating, and that's vital to our efforts to strengthen our economy and help put Americans back to work. While this ends our immediate debt crisis, we must continue our mission to control spending to ensure America's long-term economic security. The bottom line is our government borrows 40 cents of every dollar it spends, and that is not sustainable. In these difficult times, Americans have had o tighten their belts and learn to do more with less. Washington must follow their lead."