U.S. Senator Kirk responds to S&P’s negative outlook on U.S. Debt

 Washington, DC – United States Senator Mark Kirk (R-Ill) released the following statement in response to Standard and Poor’s negative outlook on U.S. debt:   

                                                     

“The coming legislation on the Debt Limit offers the chance to save the dollar and our economy.  If we miss this chance or if Congress sends the President a blank check, then the following quote from S&P is a stark warning for our future: ‘We believe there is a material risk that U.S. policymakers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013; if an agreement is not reached and meaningful implementation is not begun by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA’ sovereigns.’ “