103 House Republicans sent a letter to House Republican leadership calling for a solution that could resolve the current debt limit impasse and prevent the bigger, Greece-like debt crisis just over the horizon: Cut, Cap, and Balance.
1. Cut - We must make discretionary and mandatory spending reductions that would cut the deficit in half next year.
2. Cap - We need statutory, enforceable caps to align federal spending with average revenues at 18% of Gross Domestic Product (GDP), with automatic spending reductions if the caps are breached.
3. Balance - We must send to the states a Balanced Budget Amendment (BBA) with strong protections against federal tax increases and a Spending Limitation Amendment (SLA) that aligns spending with average revenues as described above.
With each passing day our nation’s fiscal health gets worse, leaving our children and grandchildren falling further into debt. Democrats seem to have given up, proposing even more borrowing in response to our massive debt addiction. With the problem growing larger every day, we must move quickly and unite behind a plan to cut spending and get our budget into balance.
More Information:
Letter Text with Signatures
Signature ListWall Street Journal: Balancing Act
RedState: Cut, Cap, and BalanceBrian Darling: Cut, Cap, and BalancePajamas Media: Cut, Cap, and Balance: The GOP Debt Ceiling StrategyThe Hill: House Conservatives Demand Deficit Be Cut in Half Next YearWashington Times Editorial: Debt-Limit Clock Ticking
U.S. News & World Report: Balanced Budget Movement Grows in the House
Neil Cavuto: Chairman Jordan Highlights Cut, Cap, Balance (Video)
Outside Support:
American Conservative Union: Letter of Support
American Family Business Institute: Letter of SupportAmericans for Tax Reform: House Conservatives Recommend "Cut, Cap and Balance"
Americans for Limited Government: Radical EnoughBuckeye Institute: Some Lessons From Washington
Citizens United: Letter of Support
Club for Growth: Letter of Support
College Republicans: Letter of SupportCouncil for Citizens Against Government Waste: Letter of Support
Family Research Council: A Near-Debt Experience
FreedomWorks: Letter of Support
Heritage Action: RSC Sends Letter to House Republican Leadership
Let Freedom Ring: Letter of Support
Life & Liberty PAC: Support the Republican Study Committee
National Taxpayers Union: Letter of Support
1. Cut - We must make discretionary and mandatory spending reductions that would cut the deficit in half next year.
2. Cap - We need statutory, enforceable caps to align federal spending with average revenues at 18% of Gross Domestic Product (GDP), with automatic spending reductions if the caps are breached.
3. Balance - We must send to the states a Balanced Budget Amendment (BBA) with strong protections against federal tax increases and a Spending Limitation Amendment (SLA) that aligns spending with average revenues as described above.
With each passing day our nation’s fiscal health gets worse, leaving our children and grandchildren falling further into debt. Democrats seem to have given up, proposing even more borrowing in response to our massive debt addiction. With the problem growing larger every day, we must move quickly and unite behind a plan to cut spending and get our budget into balance.
More Information:
Letter Text with Signatures
Signature ListWall Street Journal: Balancing Act
RedState: Cut, Cap, and BalanceBrian Darling: Cut, Cap, and BalancePajamas Media: Cut, Cap, and Balance: The GOP Debt Ceiling StrategyThe Hill: House Conservatives Demand Deficit Be Cut in Half Next YearWashington Times Editorial: Debt-Limit Clock Ticking
U.S. News & World Report: Balanced Budget Movement Grows in the House
Neil Cavuto: Chairman Jordan Highlights Cut, Cap, Balance (Video)
Outside Support:
American Conservative Union: Letter of Support
American Family Business Institute: Letter of SupportAmericans for Tax Reform: House Conservatives Recommend "Cut, Cap and Balance"
Americans for Limited Government: Radical EnoughBuckeye Institute: Some Lessons From Washington
Citizens United: Letter of Support
Club for Growth: Letter of Support
College Republicans: Letter of SupportCouncil for Citizens Against Government Waste: Letter of Support
Family Research Council: A Near-Debt Experience
FreedomWorks: Letter of Support
Heritage Action: RSC Sends Letter to House Republican Leadership
Let Freedom Ring: Letter of Support
Life & Liberty PAC: Support the Republican Study Committee
National Taxpayers Union: Letter of Support
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