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Local News

Walden Comments on Standard and Poors' Rating


Oregon Congressman Greg Walden is in Central Oregon today as part of quick 526 mile tour that started in Medford yesterday and is ending in Bend and Madras today. He stopped by our stations this morning and we asked him about Standard and Poors’ big announcement earlier this week about a possible future downgrade of U.S. debt. Walden calls it historic:  "And unfortunately bad history; that should be the wake up call. I hope it’s not ignored by the President, but he's got to do more than give a political speech and a lecture. And say he's not going to cut anything in effect.  We've got to have an adult conversation; nobody’s going to like the medicine, none of us ever does like taking medicine.  But its medicine we'd better take now, or we face not only a debt that's going to pull us under, but we'll loose these programs that people are expecting to have in their retirement years.” Walden says when it comes to cutting spending he wants everything on the table; from defense cuts to entitlements and other popular government programs. 

 

 

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