U.S. Senator Lindsey Graham will oppose the compromise debt-limit agreement negotiated between congressional leaders and President Obama.
Why will Graham oppose the plan, so close to the default deadline? He stated today, “I cannot in good conscience support this deal. Simply stated, it locks us into more debt, bigger government and most devastating of all, a weakened defense infrastructure at a time when we face growing threats.
Graham says, “This agreement adds over $7 trillion in new debt over the next decade and only makes small reductions in future spending.”
He says the agreement undermines defense spending –- a philosophical shift he opposes. He charges that the agreement” will destroy our nation’s defense infrastructure at a time when we need them the most.”
Graham does offer the idea of raising the debt-ceiling for a period of nine months, accompanied by dollar-to-dollar spending cuts to a debt-ceiling increase. This was offered in the first part of the Boehner, Reid compromise, bit of which have been halted.