Gov. Bob McDonnell issued a statement today supporting House Speaker John Boehner's plan to raise the debt ceiling and urged Virginia's Congressional delegation, as well as Congress as a whole, to pass the legislation.
Here is McDonnell's statement from a press release.
“It it critical that the United States Congress immediately pass the best possible bill that will resolve the ongoing debt limit impasse. It would be catastrophic for the United States, and for Virginia, if we defaulted on our obligations. For far too long, Congress has overspent and now the bills are due. Washington must start doing what governors are doing around the country – making serious cuts to get their fiscal houses in order. Speaker Boehner’s bill cuts spending, doesn’t raise taxes and ensures that we do not default on our debt. I urge the members of Congress, including Virginia’s delegation, to vote in support of this measure.”
Boehner's two-tier plan would raise the debt ceiling by $1 trillion dollars for six months and would include $1.2 trillion in spending cuts, followed by a second increase tied to an overhaul of the tax code and cuts to Medicare and Medicaid.
The House is expected to vote on the Speaker's proposal this evening. Senate Majority Leader Harry Reid, D-Nevada, said the Senate would immediately vote on and defeat Boehner's plan if it passes the House.
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