Coats Talks Nation’s Debt

By Max Resnik

July 13, 2011 Updated Jul 13, 2011 at 12:32 PM EDT

WASHINGTON D.C. (Indiana’s NewsCenter) – In a satellite interview with Indiana’s NewsCenter, U.S. Sen. Dan Coats (R-IN) says he agrees with President Barack Obama’s decision to not accept a short-term deal on the debt ceiling.

Coats also believes that “there’s a lot of politicking going on here” in the face of the August 2 deadline. President Obama has warned lawmakers that social security checks could be delayed if a deal is not done. Coats believes these ominous predictions are part of the “politicking” taking place in Washington D.C.

“I hate this last minute crisis negotiating. We should have been doing this in March and April. It's very unfortunate that we're now just weeks away from this. Here we are careening toward another crisis. It's time for adults to sit down together and negotiate this thing.”

Coats adds that campaigns and aspirations for reelection need to be put aside.

Coats says the size of the federal government needs to shrink in addition to the amount of spending by the federal government. He also says there is too much uncertainty for business owners moving forward.

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