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Camp: Legislation to Prevent Default and Cut Spending is a Victory for the American People

August 01, 2011

Washington, DC – Chairman Dave Camp (R-MI) released the following statement after the bipartisan House vote passing legislation to prevent default and cut spending:

“Tonight’s vote marks a victory for our economy and the American people.  The legislation not only cuts spending and reforms how Washington manages its budget, it also prevents default on our financial obligations.  Importantly, the package does not increase taxes, which is critical to making sure job creators have the resources they need to invest and hire more workers.  Finally, the legislation establishes the clearest path yet to a balanced budget amendment — something I have long supported and that is long overdue.”