WASHINGTON – Below is a statement by Senator John Kerry on today’s signing of the increase in the nation’s debt limit into law. “The Republicans who run Washington are running a borrow-and-spend government. Washington is cutting taxes for the very rich, spending whatever it wants, running up the debt and passing the bill on to our kids in an enormous birth tax.

“The President promised balanced budgets and instead has delivered record debt and the worst fiscal turnaround in our history. It’s hard to imagine how he could have done worse. It’s clear why there was no signing ceremony in the Rose Garden for this one.” ###