RICHMOND – Americans for Prosperity – Virginia, the Commonwealth’s leading grassroots advocate for fiscal responsibility, today urged Virginia’s congressional delegation to make dollar for dollar cuts in federal spending for any 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-VA State Director Dave Schwartz released the following statement:
“What lawmakers in Washington need is a dose of common sense. For every dollar the debt limit is raised there should be a dollar in spending cuts. This a simple solution that would end political gridlock and put America back on the path to a sustainable future. 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.”
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.