Sen. Richard Burr: Debt deal sets a good precedent |
Written by Josh Zach/David Horn
|
Tuesday, 02 August 2011 09:41 |
(WASHINGTON, D.C.) -- The U.S. Senate is expected to approve a debt deal on Tuesday afternoon that the House passed on Monday. Republican U.S. Senator Richard Burr said logic dictates that cuts and spending need to be coordinated in order to reduce the debt.
"I've said from the beginning the number one objective is to make sure that we take default off the table. The second objective was to achieve a new precedent in the United States Congress. If you're going to ask for an increase in the debt ceiling be prepared to have a matching, if not larger, cut in spending," said Burr. "In this case we got a little over a dollar of cuts for every dollar of increase in the debt ceiling and I think we've shifted the debate from one about spending to one about cuts."
The White House has indicated that President Obama will sign the bill.
|
Last Updated on Friday, 05 August 2011 00:00 |