Senator Rubio refers to the following article S& P report which vindicates "House “Cut, Cap, and Balance” plan as mentioned at the Washington Examiner on 7/16/2011:
Standard & Poor’s issued a dire warning this week stating a 50 percent likelihood that the nation’s gold-plated Triple-A credit rating will be downgraded in the next 90 days. Not because of any failure to increase the debt ceiling, but because it appears there will be no longer-term plan that substantially reduces the deficit. Source: http://washingtonexaminer.com/opinion/op-eds/2011/07/sp-report-vindicates-house-cut-cap-and-balance-plan#ixzz1SOKqxJUv
President Obama, are you listening to the fiscally responsible people in the room?