Cash

Debt Deal Finalized, Pennsylvanians Upset With Both Parties

Pat Toomey (R-PA)

Sen. Pat Toomey (R-PA) voted against the debt deal.

With the threat of a historic financial default hanging over their heads, a last minute plan emerged that was able to garner the support of President Barack Obama and a majority of Congress.  It allows for a $2-trillion dollar increase in the nation’s debt limit, in exchange for $2-trillion dollars in cuts over the next ten years.  Many of the long-term cuts hinge on a bipartisan “super committee,” which is tasked with identifying $1.5-trillion dollars in cuts by November 23rd.

Citing the $14.3-trillion dollars in debt the nation has already amassed, Senator Pat Toomey (R-PA) was a “No” vote.  “What we need to do is clear.  We need to cut spending now, we need to put controls on spending in the future and we need to ensure accountability.  I’m afraid this deal comes up short on all accounts,” Toomey said in a recorded statement. 

Bob Casey (D-PA)

Sen. Bob Casey (D-PA) voted for the debt deal.

Senator Bob Casey (D-PA) supported the measure.  “No compromise is perfect and the process that has brought the country to the brink of default is unconscionable,” Casey said in an earlier statement.  Over in the House, 18 of the 19 Pennsylvania representatives supported the debt deal.  Congressman Mike Doyle (D-14th) voted “No.” 

A new Quinnipiac Poll – which was wrapping up as President Obama announced a debt deal Sunday night – finds that Pennsylvania voters overwhelmingly disapprove of Congress, on both sides of the aisle.  “My sense is that this is an overwhelming indictment of Congress right now.  From Democrats and Republicans, Pennsylvanians are clearly tired of this raucous debate and want to get on with business,” Quinnipiac pollster Tim Malloy said in an interview with Radio PA. 

Tuesday’s poll finds that two-thirds of PA voters disapprove of the job Republicans and Democrats are doing in Congress.  By a 44 – 37 margin, Pennsylvanians believe President Obama acted more responsibly than Congressional Republicans in the debt ceiling debate.  However, a majority (52%) now say Obama does not deserve a second term.