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The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Eye On Boise

Crapo: ‘Gang of Six’ plan could have headed off credit rating downgrade

The Rexburg Standard Journal reports today that Idaho Sen. Mike Crapo, in a speech to the Rexburg Chamber of Commerce yesterday and in an interview with the paper, said the "Gang of Six" debt reduction plan he helped fashion is "the most powerful solution that's on the table right now" to the nation's fiscal crisis - and if it'd been enacted, the nation wouldn't have seen its credit rating downgraded last week. "I'm absolutely certain that if our proposal had been accepted the downgrade would not have happened," Crapo said. You can read a full report here from Standard Journal reporter Joseph Law, in which Crapo says, "I personally believe this debt crisis is the most serious threat we've ever faced. I think the American dream is at risk."

Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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