AFP-CO Wants Debt Deal Linked to Entitlement Reform
PARKER – Americans for Prosperity – Colorado, the Centennial state’s leading grassroots advocate for fiscal responsibility, today urged Colorado’s congressional delegation to make dollar for dollar cuts in federal spending for any 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. AFP has recommended $1,005 billion in spending reductions which you can read here.
AFP-CO State Director Dustin Zvonek released the following statement:
“This isn’t just a debate about increasing our nation’s debt limit,” said AFP Colorado State Director Dustin Zvonek. “It’s also a debate about whether it’s reckless and irresponsible to keep the county on the same unsustainable spending and borrowing trajectory it’s been on for years, creating a fiscal crisis. Any agreement to increase the debt limit should be strictly conditioned on dollar-for-dollar cuts not just in discretionary spending, but in entitlement programs that are now consuming a huge slice of the budget pie. Without such cuts, as difficult as they may be, we can’t slow spending growth fast enough to avert eventual disaster.
There are plenty of opportunities for sensible cuts and reforms. Americans for Prosperity has proposed over $1 trillion in potential savings by reforming broken entitlement programs. As just one example, means testing Medicare could save $31 billion over the next ten years and is a good small step toward entitlement reform. The Budget Control Act already constrained the growth of discretionary spending through sequester cuts. We also support holding funding in any continuing resolution at $967 billion — the level already agreed to in the Budget Control Act.”
Americans for Prosperity will focus heavy attention on the nation’s spending addiction during the subsequent weeks with earned media and grassroots advocacy.
For further information or an interview, please contact Dustin Zvonek at DZvonek@afphq.org or 720.219.1451.