Herman Cain Applauds Defeat of Bill to Raise Debt Ceiling

(Stockbridge, GA)- Republican presidential candidate and business executive Herman Cain applauded the defeat of H.R. 1954, legislation that would raise the federal debt ceiling to $16.7 trillion, saying:

“I am pleased to learn that the U.S. House of Representatives voted against raising the debt ceiling to an unacceptable $16.7 trillion.

As a business executive, I have turned several companies around and understand the courage it takes to make tough decisions.

The American people demand significant spending cuts now.”