Gov Urges Raising of Debt Ceiling
Filed by Michael Cross in Feature, Local News, News, Politics.
July 25, 2011
Governor Fallin is urging the nation’s leaders to come together to raise the debt ceiling.
Governor Fallin says while Washington, DC has a spending problem, the federal government cannot default on its debt.
“We all are familiar with how not addressing the debt ceiling could affect our borrowing capacity not only as a state but certainly as a nation would affect our interest rates could affect our bond ratings.”
Fallin says not increasing the debt ceiling could stop the flow of nearly $24 billion in federal money the state gets every year.
She says Oklahoma’s economy is growing, but that could change without a decision to raise the debt ceiling.
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