Des Moines, Iowa — Representative Zach Nunn (IA-03) issued the following statement after the U.S. House of Representatives voted to pass the Fiscal Responsibility Act, which will reduce the debt by more than $1.5 trillion and prevent default while fully protecting Social Security, Medicare and veterans’ benefits:
“This bill is a strong step toward fiscal responsibility. It cuts $1.5 trillion off the debt – the largest deficit reduction bill in history – and as promised, fully protects Medicare, Social Security, and veterans’ benefits. Importantly, by preventing default, this bill will provide critical certainty to Iowans who rely on the government to pay its bill on time and prevent a catastrophic interest rate increase that would have made it nearly impossible for first time home buyers and Iowa’s aspiring small business owners. Now, the fight continues to balance the budget and make Washington, D.C. operate more like Iowa.”
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