Marco Rubio Weighs in on S&P Report

With Standard & Poor's Ratings Service lowering its outlook on the federal government's debt on Monday, Florida Republican U.S. Sen. Marco Rubio called it a warning that cannot be overlooked.

How many more warning signs will it take for Washington to realize we are facing a debt crisis that will ruin America? demanded Rubio on Monday. Today, its a major credit rating agency like S&P bluntly saying they dont believe Washington politicians have the fortitude to get serious about our debt.This will send even more entrepreneurs running for the hills and taking their best ideas with them as investment capital becomes more elusive. Eventually, the specter of higher inflation will erode the dollar, diminish consumer spending power, and make it harder for families to buy cars and homes or pay tuition. And before you know it, we will have lost the essence of what has made America exceptional for centuries.None of these scenarios are a question of if, but rather a question of when, unless we act now.

Americans should be sickened by todays announcement and Washingtons failure to make solving our debt crisis our No. 1 priority, added Rubio. Contrary to the carefree attitude too many Washington politicians have, we cant just snap our fingers and make this go away.Instead, we need to rally behind a clear set of policies that will create jobs through tax and regulatory reform, save our social safety net and national defense priorities, and show the world that America is serious about its debt and has adopted a credible plan to tackle it.