NEW: Hinckley Blasts Whitehouse on Debt
Monday, August 08, 2011
“It's embarrassing that the United States of America, the most powerful nation in the world, had its credit rating downgraded by S&P,” said Hinckley, a Republican.
He added: “This happened on Senator Sheldon Whitehouse's watch. Rhode Islanders expect independence from their leaders in Washington. Instead, Sheldon Whitehouse was a reliable vote for the destructive spending policies of his partisan leaders. The public debt was a big problem under the Bush administration. Over the last few years, it has spiraled completely out of control. It's not a surprise that Monday saw the largest market losses since the last financial meltdown.”
In his statement Hinckley said the debt-ceiling bill backed by Whitehouse only expanded the “uncertainty” in the markets and “did nothing” to address reforms in Medicare and Social Security.
Whitehouse’s office did not immediately respond to a request for comment.
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