Johnson and Gibbs help raise debt ceiling

Dateline
Updated Tue, Aug 2, 2011 9:47 am

Southeast Ohio Congressman Bill Johnson says his vote to raise the nation's debt limit yesterday "is the first step of a long journey to return America to sound fiscal health."

Johnson - a Republican - says the legislation "will result in $2.4 trillion in savings over the next 10 years...while ensuring America continues to honor its financial obligations."

Southeast Ohio's other G-O-P Representative also voted to up the debt ceiling and Bob Gibbs issues this statement:"This bill...represents a victory against the status quo of Washington. This is the first time there have been significant cuts associated with the increase of the debt ceiling and it was done without increasing taxes."

A final Senate sign-off is virtually assured today and President Barack Obama has indicated he'll sign the bill.

Tags: