Blackburn speaks on debt ceiling
Posted: Wednesday, July 27, 2011 6:15 pm
Ted Moore, Executive Director of the McNairy Regional Alliance presents U.S. Rep. Marsha Blackburn with a big stick to take to Washington. Blackburn spoke at the Rotary Club luncheon on the debt ceiling at Henco in Selmer on July 18. She first gave an overview of the debt ceiling issue and then took questions from the audience. “We’re in this not because the debt ceiling is too low but because we spend too much,” she said. She said both parties were responsible but was particularly critical of the Obama Administration on the spending issue. Blackburn said that credit rating agencies would downgrade U.S. debt unless spending was controlled. Blackburn said not only would this mean higher interest rates for the federal government but also for state and local governments. In response to a question from Tom Hendrix, Blackburn said there has to be a deal before the Aug. 2 deadline, when the federal government will run up against the debt ceiling. Blackburn said this was originally supposed to be a district workweek, and she was returning to Washington later in the afternoon.