Political Quotes

“Mr. Speaker, this week the United States House sent a clear message to the White House that it's time to address our Nation's growing debt crisis and get serious with real budgetary reforms so that America can meet its budget and credit obligations at home and around the world. There's good reason why the dollar is still the world's gold standard when it comes to credit ratings and that the U.S. is seen as a wise investment around the world. A first-rate credit rating, which the United States currently has, means there is nothing for lenders to worry about. It lets investors know how likely a borrower can pay back a loan, and that they will receive a good return on their investment. That's why I can't emphasize enough the importance of our Nation's credit rating. A downgraded credit rating would erode confidence in our economy and reduce certainty for businesses, investors at home, and abroad. We must work to ensure that this never happens by reforming spending and fixing our debt problem. Make it so that there is not one doubt when it comes to the creditworthiness of the United States. In April, Standard & Poor's lowered the outlook on the United States' credit to negative. S&P's rationale: the U.S.…”