Governor Heineman says the nation’s governors have been keeping a close watch on the debt ceiling debate in Washington.
Heineman, newly elected chairman of the National Governors Association, says the debate in Washington on raising the national debt ceiling had the attention of the NGA meeting this weekend in Salt Lake City.
“The nation’s governors, like most Americans, and I tried to share with them what Middle America thought,” Heineman says, “are frustrated by the fact that the president and the Congress can’t sit down together and resolve this issue.”
Heineman tells reporters during a news conference at the Capitol the stakes are high.
“American can’t default on its obligations,” Heineman says. “They (President Obama and Congress) need to move towards a balanced budget.”
Heineman, a Republican, endorses a balanced budget constitutional amendment. He says now is not the time to raise taxes, because the nation continues to struggle to leave the recession behind.
The nation will not be able to borrow additional money to meet its obligations after August 2nd, unless Congress agrees to raise the national debt limit of $14.3 trillion. The White House has stated that leaders need to reach agreement by this Friday, July 22nd, to provide enough time for legislation to work its way through Congress and reach the president’s desk.