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Sen. Paul Statement on Misplaced Blame for U.S. Downgrade

Aug 8, 2011

WASHINGTON, D.C. - Sen. Rand Paul today issued a statement regarding the current mud-slinging and finger-pointing toward the Tea Party for the U.S. credit downgrade.

"Blaming the Tea Party for America's debt crisis and downgrade is like blaming the fireman for fires.

"The Tea Party has been fighting for a serious solution that would rescue our finances through immediate spending cuts, spending caps and most importantly, a Balanced Budget Amendment to the Constitution. With the support of the Tea Party, I offered the only solution that could have prevented our downgrade with our Cut, Cap and Balance plan.

"While Democrats would like to lay blame on the Tea Party for the current economic failure, it is their President who has failed in leadership, failed to lower unemployment, failed to rescue our economy, failed to prevent a downgrade of our debt, and failed to control spending."

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