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Warner: Don't Tie Up Debt Limit Vote

By Hiram Reisner   |   Sunday, 13 Mar 2011 11:04 AM

Sen. Mark Warner, D-Va., says he is reluctant to tie a vote on increasing the debt limit to a broader plan to address the country's fiscal problems, Politico reports.

mark,warner,democrats,Warner has been working with five other senators, Democrats and Republicans, on drafting a comprehensive plan to rein in entitlement spending and overhaul the tax code. Senate Minority Leader Mitch McConnell said Sunday the debt-limit vote should be paired with a "credible" effort to deal with the long-term debt.

“I get a little worried when we start tying it to the debt limit vote," Warner said on "Fox News Sunday.” “Because as Chairman Ben Bernanke of the Federal Reserve has said: If play Russian Roulette with the instability of the financial markets, if we were to default on America's obligation to pay, you could end up seeing us back in a financial crisis like 2008."

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Sen. Mark Warner, D-Va.,says he is reluctant to tie a vote on increasing the debt limit to a broader plan to address the country's fiscal problems, Politico reports.Warner has been working with five other senators, Democrats and Republicans, on drafting a comprehensive plan...
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2011-04-13
 

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