FOR IMMEDIATE RELEASE: August 8, 2011
CONTACT: Genevieve Frye Rozansky
Deeper Spending Cuts Needed to Restore AAA Credit Rating
Mesa, Arizona – Republican Congressman Jeff Flake, who represents Arizona’s Sixth District, today released the following statement on Standard and Poor’s downgrade of the United States government’s credit rating and it’s warning that additional downgrades are possible if further spending federal spending cuts are not made.
“This will only be the first of possible future downgrades for the U.S. credit rating if we don’t make more significant cuts to federal spending immediately,” said Flake. “The only way we’re going to regain our AAA rating is to make immediate and significant spending cuts in order to curb our long-term budget deficits and debt.”