Senator Lee Responds to S&P Downgrade of United States

senator mike lee

WASHINGTON, D.C. – U.S. Senator Mike Lee responded to Standard & Poor’s lowering the long held AAA rating for the United States saying, “This downgrade confirms what we have known was coming, but have chosen to ignore, for a long time.  This downgrade further confirms that the true threat to our country, our economy and our way of life is our debt and the continued deficit spending Washington and the current administration are pursuing.”

For the first time ever the United States does not hold a AAA rating.  The impact could be felt in numerous ways including higher interest rates for car, home or student loans along with credit card rates.  Lee then stated, “Unfortunately, when it comes to the significant financial challenges this country faces, we have been swatting at the branches and symptoms issue instead of attacking the root and core causes. Never has there been a greater need for a Balanced Budget Amendment to the Constitution – to ensure we get our fiscal house in order, reduce our debt, and get Washington to live within its means.”

Calling on his colleagues in the House and Senate along with the Administration and Americans across the country Lee said, “The answer to our economic challenges lies within a simple concept most Americans and most states understand and live by – balance your checkbook and don’t spend more than you bring in.  This is not a liberal or conservative issue, it isn’t a Democrat or Republican issue – it is an American issue.  If ever there were a time for Americans and members of Congress to have an open debate and dialogue about the future of our country, that time is now.  I invite everyone to begin to understand where we are as a nation and what it will take to restore both our AAA rating, and more importantly, our strength and greatness as a country.”

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  • Ed Kociela August 6, 2011 at 8:58 am

    the true threat to the united states is people like mike lee who would starve the poor and leave them without health benefits…and, also, one-sided reporting such as this with only ONE voice (whereis the other side of this opinion?) what’s up with the propaganda sticker used for the graphic?

  • Shawn August 6, 2011 at 9:28 am

    Where is it saying he wants to starve the poor? or Leave them without Health benefits? As i recall that Was the joke of a President we have in office who was using that as a scare tacit.

  • Paul Pearce August 6, 2011 at 9:47 am


    What is a “scare tacit?”

    Mike Lee is a shameless and spineless lobbyist who takes care of those who pad his wallet.

    Also, if we did not have our strange caucus system. Lee would never have beat Bob Bennett in a primary. A majority of Republican voters would have voted for the more level-headed Bennett than for the slimy Lee.

    Lee worship down here is understandable since it is the only part of the state where a convicted murderer, John Lee, a direct ancestor of Mike Lee, is seen as a hero for his part in the murder of women and children.

  • shawn August 6, 2011 at 11:16 am

    Scare Tatic let’s see him telling everyone they won’t pay the troops or Social Security. I have still yet to hear anything to support your comments. What is the deal about his ancestors have to do with anything?

  • betty boop August 6, 2011 at 1:20 pm

    Mike Lee is a shameless and spineless lobbyist who takes care of those who pad his wallet.

  • Ryan August 6, 2011 at 2:20 pm

    Lee wants a “Balance budge,” and so how is that radical? He clearly wrote, for those of who didn’t even read the article, “This is not a liberal or conservative issue, it isn’t a Democrat or Republican issue – it is an American issue.” How are those the words of a “shameless lobbyist”?

    Scare tactics are so Spectrum and 60’s. They don’t work anymore. No congressman wants to starve children and kill puppies.

    This S&P thing could have been avoided easily, by passing real, not imagined, but real cuts in spending. S&P told the country that very specifically about three weeks ago. The downgrade is because of our debt, and our country’s leader’s ability to pass on the issue to the next term. This is real people. China has already stated that they are not going to lend us the same volume as in the past. Who else is going to lend us $10 trillion over the next 10 years? How many countries even have that much money? We borrow as a country 40% of what we spend. It is unsustainable. Period.

  • Ryan August 6, 2011 at 2:21 pm

    Opps, I meant “budget.”

  • Mark Hopkins August 6, 2011 at 10:40 pm

    Isn’t it amazing how most of the politicians in Washington refuse to look squarely at the fundamental issue–we need to cut programs, stop printing money, and live within our means. They don’t want to talk about fundamental issues because this might mean that their “free ride” and giant credit card of deficit spending might be curtailed. God bless Mike Lee for standing up for truth and for trying to force Congress to grapple with the root cause and not the symptoms.

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