Wolf Statement on Debt Limit Vote

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Joe McNulty
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WOLF STATEMENT ON DEBT LIMIT VOTE

Washington, D.C. - Rep. Frank Wolf (R-VA) released the following statement today after voting against a statutory increase in the U.S. debt limit.

"I was one of the first members of Congress to make clear that if Congress is asked to increase the statutory debt limit this year, I will vote no, unless there is a firm commitment to deal with the national debt or the vote itself is tied to a plan to put America on a path to financial responsibility. My opinion on this matter has not changed since the speech I delivered on the floor of the House in January. Failure to act now on our fiscal problems will ensure that in the future there will be significant tax increases and drastic entitlement reductions and no money for important, core discretionary spending such as infrastructure, national security, medical research and education.  It’s time for Washington to make the tough decisions and to govern based on principle not politics so that we can lead the country toward a brighter tomorrow."