Americans for Prosperity, the nation’s largest grassroots advocate for economic freedom, calls on Congress to pass and the President to sign legislation that will pair critically needed spending reforms with an increase in the nation’s debt ceiling. AFP has long supported attaching spending reforms to a debt ceiling increase as a way to get the nation’s long-term fiscal imbalance under control. The group supports cutting $1 in spending for every $1 in debt ceiling increase.
AFP President Tim Phillips released the following statement:
“The ever-rising debt ceiling serves as an important reminder of the federal government’s spending addiction. AFP calls on Congress to attach spending reforms that save at least as much taxpayer money as the increase in the debt ceiling. These reforms will start to place our budget on a path to balance.
“Any short-term increase of a month or so must be coupled with reforms to the nation’s entitlement programs or outright cuts that match the size of the increase. In other words, for every dollar the debt limit is raised there should be a dollar in cuts. The Budget Control Act has already constrained the growth of discretionary spending through sequester cuts and these cuts must be kept in place by holding funding in any continuing resolution at $967 billion — the level already agreed to in the Budget Control Act.
“Now, it’s time for Congress to address the entitlement programs. One good option for a short-term increase would be to increase the means testing for Medicare. This proposal could save $56 billion over the next ten years and is a good small step toward entitlement reform.”