Washington, D.C. – Congressman David Schweikert (R-AZ), a member of the House Financial Services Committee, made the following statement after he voted in support of S.627, The Budget Control Act of 2011 Friday:
“I had previously been concerned that the original plan did not go far enough to address the unease of the markets and rating agencies in regards to the projection of our exploding debt.
“I am now pleased to support this legislation after Speaker Boehner took a bold step to ensure a Balanced Budget Amendment must pass the House and be sent to the states before President Obama receives any additional debt ceiling increase.
“When I came to Washington, I made a promise to the people of Arizona’s 5th District that something serious and genuine needed to be done to save our country from an avalanche of debt. This bill is another key step House Republicans have taken in that process.
“I encourage the Senate Majority and the President to not only start participating in solving our debt crisis, but to quickly pass this bill and save our economic future.
“Now is the time for scare tactics, half-measures, and phantom cuts to end.”