Aug 02 2011
Washington—Senator Dianne Feinstein (D-Calif.) released the following statement on the agreement to raise the debt ceiling:
“The debt limit agreement is far from perfect, but the alternative—to default and slip into a second recession—would be calamitous.
“I still believe a balanced approach including increased revenues must be our final goal, and I will strongly advocate that approach for the second round of deficit reduction. This agreement underscores the absolute necessity of letting the Bush tax cuts expire for upper income earners at the end of 2012.”