Vitter: Debt Deal Works for Washington Only
The debt deal that leadership reached with the president over the weekend is not going to make the left or the right happy. Senator David Vitter explains that it's the sort of compromise that pleases Washington but impresses no one else.
Sen. Vitter said he’s been concerned “every step of the way” because even this agreement, which is moving in the right direction, still increases the U.S. debt by $7 trillion over the next 10 years, and that this is “an accomplishment only in Washington” – meaning only politically.
Vitter said “this is only cutting in Washington – this doesn’t pass for any cuts in the real world.” He added that though he’s concerned about default, he’s also concerned about the downgrading of the U.S. credit rating which would have a real impact on every American.