Farr Votes Against Debt Deal
August 2, 2011
Congressman Sam Farr (D-Carmel) joined half the House Democrats in voting against the debt ceiling compromise that received relatively strong support after both parties gave ground on their demands. The plan received House approval with a vote of 269 to 161, receiving split votes from both parties.
“While voting to increase the debt ceiling is a necessary step, the deficit reduction measures included in this deal unfairly place the burden on seniors and middle class families. This is the wrong approach at a time that our economy is struggling to recover," Farr said in a statement after the vote.
"We all understand that we need to get our fiscal house in order, but developing good and sound fiscal policy while negotiating a ransom is not the way forward...The bottom line is this deal does not create jobs, and it does not provide the much needed support our economy needs.”
The plan would cut more than $2.1 trillion in government spending over the next decade and extends the Treasury's borrowing authority, avoiding a default. It would also create a new joint Congressional committee to advise on changes in government spending and tax policy to reduce the deficit.
The Senate is expected to vote on the debt deal this afternoon.