Bowling Green Congressman believes debt limit deal could have cut spending further
By Marty Finley
Monday, August 15, 2011 at 4:57 am (Updated: August 15, 4:58 am)
U.S. Rep. Brett Guthrie, R-Bowling Green, said the United States’ credit downgrade from AAA to AA+ by Standard & Poor’s is an embarrassment for a country that has allowed its debt to spiral out of control.
Guthrie sat down with The News-Enterprise on Friday to discuss the debt ceiling agreement and recent stock market fluctuations.
America now holds credit worthiness lower than France, Guthrie said, but the downgrade is more of a failure by the U.S. to meet S&P’s desire to see a larger reduction in the national debt.
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