Huntsman statement on S&P downgrade

Former Utah Governor Jon Huntsman, a Republican candidate for president, issued the following statement regarding the lowering of American's credit rating by Standard & Poors.

Out-of-control spending and a lack of leadership in Washington have resulted in President Obama presiding over the first downgrade of the United States credit rating in our history. For far too long we have let reckless government spending go unchecked and the cancerous debt afflicting our nation has spread. We need new leadership in Washington committed to fiscal responsibility, a balanced budget, and job-friendly policies to get America working again.

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