Rep. Peters Helps Pass Plan to Protect Economic Growth and America's Credit

Press Release

Today, Congressman Scott Peters (CA-52) released the following statement after voting for a plan to protect the nation's economic growth as well as America's credit rating:

"Today Congress acted to pay America's bills that are due and to avoid default and potentially devastating effects to our national economy," Rep. Peters said. "Now it's time for Congress to have a serious conversation about reducing our long-term debt."

"As I've said before, we need real reforms that separate political posturing from the debt ceiling -- that's why I've introduced legislation to fix it. It's time for Congress to get back to work setting the table for American job growth, instead of threatening our country's credit rating."

Congressman Peters has been a vocal advocate against the crisis-to-crisis mentality that has been the norm in Washington, D.C., for far too long. Last Fall, he introduced a two-part legislative package to end the debt ceiling drama, protect the U.S. economic recovery, and sustainably lower the national debt. That effort has been endorsed by Erskine Bowles and former Sen. Alan Simpson, who formerly co-chaired the National Commission on Fiscal Responsibility and currently co-chair the Moment of Truth Project, an effort to build on the ideas of the Fiscal Commission and spark a national discussion on comprehensive budget reform.

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