Governors warn Congress over debt limit

Published on NewsOK Modified: January 9, 2013 at 11:30 am •  Published: January 9, 2013
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Fallin, a Republican, said deficit reduction shouldn't be accomplished by simply shifting costs to states. She said the federal government should give states more flexibility to tailor federal programs and funding to the needs of their states.

"What we don't need are 'one-size-fits-all' solutions or more unfunded federal mandates passed onto our states," said Fallin, the NGA's vice chair. She said states should be treated as "partners, not underlings."

The concerns in the states arise as Treasury officials say they'll run out of money to pay all the government's obligations sometime in February or March if Congress doesn't raise the current $16.4 trillion limit on borrowing authority.

Republicans have said they will seek major spending cuts in exchange for any agreement to raise the debt limit. President Barack Obama has said he won't negotiate on the debt limit, raising concerns of a protracted standoff.



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