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August 1st, 2011

Latham Votes No On Debt Ceiling Compromise

Iowa Congressman Tom Latham issued the following statement Monday evening after voting against S. 365, the agreement to raise the nation’s debt ceiling by the largest hike in history:

“While no common-sense American wants our country to default on its obligations or have our credit downgraded, it is our responsibility to draw a line in the sand for fiscal sanity and responsibility and restore confidence in the American Dream.

“I have been very clear in our debate about spending that I will only support measures that meet the realistic approach of immediately cutting wasteful spending, imposing spending caps as a percentage of our economy going forward, and requiring a balanced budget amendment.  This debate is an opportunity to stop giving Washington permission in the form of a blank check to continue its irresponsible spending spree well beyond its means.

“This legislation does not do enough to control future spending, and it does not guarantee true long-term changes in how Washington spends taxpayer dollars. And, since it does not meet or exceed the criteria I set forth, I opposed and voted against this legislation.”

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The Iowa Republican

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