Hayworth Schooling Congress on Consequences of Debt Default

Hudson Valley freshman Congresswoman Nan Hayworth is hosting a get-together this afternoon with Republican colleagues and representatives from credit rating agencies,  in an effort to educate her colleagues about the consequences of not raising the debt ceiling by the August 2 deadline.

“Being from New York and sitting on Financial Services [committee], she has had the opportunity over the last six months to discuss the effects of what a debt rating downgrade would have on the private sector and the U.S. economy with a lot of the folks from the credit rating agencies and a lot of the folks in New York,” said Nat Sillin, her spokesman. “She wanted to help provide that perspective and understanding  of what some of the implications may be to her colleagues.”

Sillin added that around 45 House Republicans have RSVP’d for the private, off-the-record colloquy. Hayworth has been against any tax increases in the bill and joined the majority in favor of the Cap, Cut and Balance plan, but has also encouraged lawmakers to raise the debt ceiling.

“She understands the need to raise the debt ceiling in a responsible manner, but that does not mean you need to pass the burden onto taxpayers when you can do so through spending cuts,” Sillin said.

Hayworth Schooling Congress on Consequences of Debt Default