CONGRESSMAN BISHOP STATEMENT REGARDING THE DEBT CEILING

WASHINGTON, D.C. – Today, Congressman Sanford D. Bishop, Jr. (GA-02) issued the following statement regarding his vote to avoid government default by extending the borrowing limit of the United States and relieving the threat of default on our nation’s debt until March 15, 2015. The bill passed the U.S. House of Representatives by a vote of 221 to 201 and goes on to the Senate for debate.

“Similar to a homeowner paying the mortgage, a tenant paying the rent, or a business paying the bills, it is important for our nation to pay its bills too! Without the extended borrowing authority, the United States would not be able to continue Social Security payments, Medicare reimbursements, military pay, and other benefits to the American people. Additionally, it is critical that the world continues to place credibility in the U.S. dollar as a standard upon which to rely. The passage of this legislation will allow our government the time and opportunity to work on a balanced way to reduce the deficit and pay down our national debt.”