Passage of Debt Ceiling Agreement is a Start, Not a Solution

August 2, 2011 Facebook Twitter LinkedIn Blogger Tumblr

(Washington, DC) - Log Cabin Republicans statement on the deal to increase the debt ceiling and avoid government default.

"The passage of this agreement helps avert a fiscal crisis, demonstrating that real spending cuts, and real change, are possible," said R. Clarke Cooper, Executive Director of the Log Cabin Republicans. "Speaker John Boehner and Senator Mitch McConnell set a clear goal, refusing to approve President Obama's request for blank check unless it was accompanied by spending reforms and cuts larger than the amount of the debt limit hike. That goal has been achieved, but nobody should believe that this is more than a stopgap measure. The culture of spending in Washington must fundamentally change going forward. This is only the first step in a course that will dramatically alter how our government approaches the budget and will provide fiscal stability for Wall Street and Main Street."