Washington, DC— U.S. Senator Tim Johnson (D-SD) released this statement on the debt ceiling compromise reached by President Obama and Congressional leaders:
I support the bipartisan debt ceiling compromise for one reason--the alternative is pain and chaos. This compromise keeps the full faith and credit of the United States intact, which is vital.
The good news is that benefits for Social Security, Medicare, and Medicaid are off of the table now. I would have preferred that Big Oil and millionaires and billionaires contribute to reducing the country’s debt but it was clear that congressional Republicans would not agree to that. I want the joint committee that will look for additional savings to look for responsible ways to raise revenue too.
It has been a messy and crazy process and certainly not the way we do business in South Dakota--but now, at least, we can move away from the brinkmanship of the past weeks.