MANCHESTER – Americans for Prosperity – New Hampshire (AFP-NH) today urged New Hampshire’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.
“The debt ceiling provides an opportunity not merely to extend the national credit limit, but address the federal government’s spending addiction,” said Greg Moore, AFP-NH State Director. “Congress should take responsibility to address the root cause of our rising debt through spending reforms that save at least as much taxpayer money as the increase in the debt ceiling. This is a crucial step towards getting spending under control and controlling our debt crisis.”
AFP is calling for New Hampshire’s delegation to make meaningful reductions in the size of government, including entitlement reform.
“For every dollar the debt limit is raised there should be a dollar in cuts,” added Moore. “There are plenty of opportunities for sensible, needed reductions and reforms that will enable our government to save billions while fulfilling its basic functions. Americans for Prosperity has proposed over $1 trillion in potential budget savings by reforming our broken entitlement programs and making the federal government more efficient. For example, one starting place is to increase the means testing for Medicare Part B and Part D. This proposal could save $31 billion over the next ten years and is a good small step toward entitlement reform.”
AFP also pressed the delegation to ensure that any continuing resolution to fund the federal government continues to follow the guidelines of the Budget Control Act, which has sequestered federal spending to reduce the budget deficit. The House and Senate have both passed resolutions that would exceed that spending level by over $19 billion.
“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.”