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Cuellar's statement on U.S. credit downgrade




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August 6, 2011 | 2,092 views | 28 comments

House Republicans lack of leadership in debt led to first downgrade in U.S. history

Washington, D.C. -- Congressman Henry Cuellar (TX-28) released the following statement after news that over the weekend that the country’s credit rating was downgraded to an AA+:

“I am deeply concerned of Standard and Poor’s credit rating downgrade of the United States. Friday evening, S&P analysis lowered the United States top-notch AAA credit rating to AA+, a first in U.S. history.

“The rating agency downgrade reflects Washington’s instability -- a handful of vocal extremists calling themselves the Tea Party hijacked the process for political purposes. As a result homeowners, student loan recipients and small businesses may pay higher interest rates through no fault of their own. The House Majority staged political theatrics that went hand-in-hand with economic uncertainty that created shock waves weakening the U.S. credit rating.

“It won’t be easy to bring back the AAA rating that our country has held for 70 years. As we have seen from other countries across the world, it could take years. This is unacceptable -- interest rates for homeowners may go up and Americans may have to pay the price for House Republicans lack of leadership on the debt crisis.

“Now, America must brace for more economic uncertainty as a result of the downgrade. I am ready to work with my colleagues to return the U.S. to its AAA status and once again make it the safest investment in the world.”

###

Congressman Henry Cuellar is a member of the U.S. House Homeland Security and Agriculture Committees. Job creation, accessibility to constituents, education, economic development, and national security are his priorities. Congressman Cuellar is also a Vice Chairman of the Steering and Policy Committee, Senior Whip, and member of the Blue Dog Coalition.
 
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Your Opinions and Comments

 
GIR Unit  
Gooberville  
August 12, 2011 10:53am
 
All I know is I don't want any of my taxes diverted from my medicare to be spent on socialized medicine. :) Lolz!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!

 
4th Generation Texan  
Sutherland Springs  
August 11, 2011 8:32pm
 
Alvin, stay off the loco weed...What part of that statement confused you?

 
Alvin Charmaine  
August 11, 2011 4:24pm
 
"all I have to do is find out who you are (that is absolutely no problem since I have contacts at WCN)" I should stay off the loco weed? You wrote it. You wrote that Elaine's staff or Elaine herself would ... More ›

 
4th Generation Texan  
Sutherland Springs  
August 11, 2011 1:55pm
 
Alvin, stay off the loco weed!

 
Publius Valerius Publicola  
Rome, Tx.  
August 11, 2011 10:49am
 
Instead of fighting among ourselves why don't we all make a resolution to work hard to get this incompetent replaced by someone who will represent hard working, tax paying, conservative citizens.

 
Alvin Charmaine  
August 11, 2011 10:22am
 
I wonder if Elaine encourages her staff to give 4th Generation Texan people's personally identifying information, because I would think that would represent a legal risk to her if 4th Generation Texan went postal on someone ... More ›

 
4th Generation Texan  
Sutherland Springs  
August 11, 2011 9:49am
 
New Buy, you better be careful what you put in print. What you just did (promist to pay for meds) is a legal and binding contract. So, all I have to do is find out who you are (that is absolutely no problem since I have contacts ... More ›

 
New Guy  
Wilson County  
August 11, 2011 9:16am
 
4th Generation Texan: I will pay for your medicine...please take it and maybe you will make sense.

 
Ex-Tiger  
CA  
August 11, 2011 12:39am
 
"New Guy" the lefties keep feeding you the "Bologna" and you keep eating it. Of course the lefties are going to blame the other party for their irresponsible spending. That was Obamas alibi after the election. ... More ›

 
Alvin Charmaine  
August 10, 2011 2:37pm
 
New Guy If you are reliant on a politician to insure that your family can retire you are a fool. You are responsible for your 401k.

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