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The decision by Standard and Poor's to downgrade the U.S. credit rating from AAA to AA+ is no real shock to those of us who have been warning that government debt levels are unsustainable. It has been clear for quite some time that the country is heading for bankruptcy unless federal spending is reined in and our massive entitlement programs are reformed.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) announced the following schedule of town hall meetings for the month of August:
Telephone town hall - August 9 @ 7:00 pm
Call 405-329-6500 for call-in information
NORMAN – Rep. Tom Cole toured three women-owned businesses in Norman Thursday. Cole met with business owners and employees at OMS Technologies, Fancy Cakes, and Pink Elephant Cafe to learn more about the challenges facing women-owned small businesses.
The debt agreement that passed both houses of Congress last week may have ended the immediate threat of default, but it is only the beginning of the process to address the growing debt crisis.
WASHINGTON, D.C. – Members of the Oklahoma delegation, including U.S. Sens. Jim Inhofe (R-Okla.), a senior member of the Senate Armed Services Committee (SASC), Tom Coburn (R-Okla.), and U.S. Reps.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after the voting in favor of the Budget Control Act:
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) made the following remarks on the House floor in support of the Budget Control Act:
"There's no question this isn't a perfect bill.
After a summer of debt discussions, the contrasts between House Republicans and Senate Democrats remain as clear as ever. House Republicans are committed to solving the long-term debt crisis. Senate Democrats just want to raise the debt limit long enough to make it through the next election, and then go back to business as usual. In their case, that means more spending.