FRANKFORT, Ky. (1/2/13) – Kentucky's U.S. Senators have both released statements regarding their view on the debt ceiling and fiscal cliff.
In his statement McConnell said, “Now that the House and Senate have acted in a bipartisan way to prevent tax increases on 99 percent of the American people, Democrats now have the opportunity—and the responsibility—to join Republicans in a serious effort to reduce Washington’s out-of-control spending. That’s a debate the American people want. It’s the debate we’ll have next. And it’s a debate Republicans are ready for. Despite the President’s call for more and more Americans to send even more of their paychecks to Washington, the federal government will still have another trillion-dollar deficit this year. But in the upcoming months, we will have the opportunity to put our country back on sound financial footing—and there’s no excuse not to seize it. The President claims to want a balanced approach to solve our problems. And now that he has the tax rates he wants, his calls for ‘balance’ mean he must join us in our efforts to achieve meaningful spending and government reform. We have an immediate opportunity to act: the debt ceiling. Washington’s credit card has reached its limit again, and the Senate majority must act on legislation early in February—rather than waiting until the last minute, abdicating responsibility and hoping someone else will step in once again to craft a last-minute solution for them. Once the Senate passes bipartisan legislation, we can conference with the House on a solution. But this time the entire Senate must have an opportunity to act.”
Meanwhile U.S. Senator Rand Paul weighed in on the fiscal cliff vote.
"Americans began ringing in the New Year moments ago, many with the uncertainty of their financial stability as a result of the fiscal cliff negotiations we have heard so much about over the past weeks," Sen. Paul said.
"While I appreciate my colleagues’ efforts to protect taxpayers – I don’t think the deal we reached tonight went far enough in achieving that. The combination of raising taxes and increasing spending is not in Americans’ best interest, and I could not, in good faith, support this piece of legislation.
"I will continue my fight for the American taxpayers and small businesses in the 113th Congress."
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