Harrison Township, MI – U.S. Representative Candice Miller (MI-10) today made the following statement after Standard and Poor’s announced they had lowered the United States’ long-term credit rating to AA+:

“The downgrade of U.S. securities by Standard and Poor’s is a sharp edged message to Washington that massive deficit spending cannot be sustained. Throughout this year the House Republican majority has taken steps to avoid this very occurrence by directly tackling our deficit and debt only to be rebuffed by the Administration and the U.S. Senate. The time is now for Washington to stop sticking its head in the sand and avoiding the obvious. We must reduce spending, borrowing and the addition of new debt. It is also time for dramatic action to show investors that the United States is serious about solving this problem. A serious and dramatic step that should be taken immediately is Congressional passage and submission to the states of a balanced budget amendment to our Constitution. Only this action would spur the vigorous national debate that is so necessary to help us deal with our problem of overspending. We must act now.”

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