Americans for Prosperity – NJ Calls for Entitlement Reforms on Debt Ceiling Increase
TRENTON – Americans for Prosperity – New Jersey, the Garden state’s leading grassroots advocate for fiscal responsibility, today urged New Jersey’s congressional delegation to make dollar for dollar cuts in federal spending for any long-term increase in the nation’s debt ceiling. In light of today’s suggestion by Speaker Boehner for a six week debt limit extension, AFP reminds lawmakers that the purpose of the debt limit is to force Congress to keep spending under control. 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-NJ State Director Daryn Iwicki released the following statement:
“The debt ceiling provides an opportunity not merely to extend the national credit limit, but address the federal government’s spending addiction. 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. The debt limit exists so Congress is forced to account for its spending habits. It should not neglect this important duty when it considers the next long-term debt limit increase.
“For every dollar the debt limit is raised there should be a dollar in cuts. 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.
For example, one starting place is to increase the means testing for Medicare. This proposal could save $31 billion over the next ten years and is a good small step toward entitlement reform.
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.
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 Mike Proto at MProto@afphq.org or 201-487-8844 / 201-400-3666.
Americans for Prosperity (AFP) is a nationwide organization of citizen-leaders committed to advancing every individual’s right to economic freedom and opportunity. AFP believes reducing the size and intrusiveness of government is the best way to promote individual productivity and prosperity for all Americans. For more information, visit www.americansforprosperity.org