Debt Deal Reached, Congressman Mac Thornbery's Take - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Debt Deal Reached, Congressman Mac Thornbery's Take

House Minority Leader Nancy Pelosi says she's "not happy" with debt-limit legislation passed by the House
Monday night, but she says she's "proud of some of the accomplishments in it."
The measure would end the threat of a historic U.S. financial default.
The vote was 269-161, a mere day ahead of the deadline for action.
A final Senate sign-off for the measure is virtually assured on Tuesday.
Aside from raising the debt limit, the bill would slice federal spending by at least $2.1 trillion, and perhaps much more.
Many Republicans contend the bill still would cut too little from federal spending; many Democrats said much too much.
The White House says "If the bill were presented to the president, he would sign it."
Newschannel Six asked Texas District 13 Republican Congressman Mac Thornberry how he voted and what he thought about the bill.
"I voted yes," said Congressman Thornberry. "Not because I think this is the greatest thing in the world, but because it does take us a step in the right direction. And because I believe that the bill coming next would have been far worse."
We also asked the Congressman about the compromise that ended up happening to get this bill through.
"I think nearly everybody agreed that we could not default on our obligations," said Congressman Thornberry. " It came around to the point where even the President agreed to cut spending. So then it was just a question as to how much spending and what kind of spending would be cut. That's been the subject of these last negotiations. The bottom line, the way it ended up is that for every dollar of increased borrowing authority there is at least a dollar of spending cuts. That's the first time in American history you've had dollar for dollar spending cuts tied to an increase in the debt limit."
Many Representatives today felt they had been "strong armed" by Tea Party Republicans during these negotiations. We asked the Congressman if he felt the Tea Party was responsible for changing the debate as this bill made it's way around Capitol Hill on Sunday and Monday.
"I think that what we call the Tea Party represents a huge number of people across the country who are concerned about too much spending and too much borrowing and that represented a giant swath of the American people who know that you just can't keep on borrowing and spending and borrowing and spending your way to prosperity," Congressman Thornberry said. "So I think that the key is that the American people stood up and said we cannot continue down this path. They made big changes in the last election and now we're seeing some of the consequences of those changes in votes on the House floor and in Congress even though Republicans and conservatives only have one half of one branch of the government."
Congressman Thornberry told Newschannel Six he welcomes phone calls and emails from you when you have concerns over issues facing the nation. You can click here to reach his official House website.
 

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