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AFP Statement on Debt Limit Deal

August 01, 2011

It is a tremendous victory for free market activists that, for the first time in history, the debate over raising the debt limit became a debate over cutting spending. For that, we should be heartened that our efforts are truly making a difference. But we must continue to fight, because this deal is simply inadequate to the size of the fiscal challenge our country faces.

Ratings agencies have consistently called for at least $4 trillion in cuts to avoid a downgrade -- and rated the Boehner and Reid bills on which the final deal was based as inadequate for putting the country on a sound fiscal footing. This deal includes only $0.9 trillion in guaranteed cuts and in a best case scenario envisions an additional $1.5 trillion in cuts. And these are Washington cuts, not real cuts; they merely reduce the expected rate of increase in spending, while the federal government will continue to grow.

AFP-VA Applauds House Passage of Cut, Cap & Balance

July 20, 2011 J

Bill Cuts Spending, Caps Budgets, Initiates Balanced Budget Amendment Process

The U.S. House of Representatives has passed, on a 234-190 vote, the Cut, Cap & Balance proposal, which would reduce spending, limit federal budgets, and begin the process to amend the Constitution to require a balanced budget.

AFP-Virginia state director Trixie Averill today issued the following statement:

“Never before has this country been in such dire financial straits. Cut, Cap and Balance is a reasonable, responsible approach to righting the fiscal ship and AFP-Virginia urges Senators Warner and Webb to support it when it arrives in the Senate.

AFP-VA Urges Passage of Balanced Budget Amendment

July 19, 2011 J

Balanced Budget Amendment at Center of Reasonable Fiscal Solution

With the U.S. House of Representatives set to vote on the balanced budget proposal, Americans for Prosperity-Virginia is urging Virginia’s members of Congress to support the legislation as well as the larger Cut, Cap and Balance legislation. As the federal government faces catastrophic and mounting debt, now is the time to rein in spending, address obligations and finally balance the budget.

The Cut, Cap and Balance legislation is a four-pronged approach:

• It cuts spending in the short term
• Over the next ten years it caps government spending
• It prevents default on federal fiscal obligations
• It links increasing the debt limit to the passage of a balanced budget amendment, as introduced by Rep. Bob Goodlatte (6th District)

Conservative Approach Nets Virginia High Marks for Economic Outlook

June 23, 2011

The American Legislative Exchange Council (ALEC) has ranked Virginia 3rd in economic outlook among the 50 states. At a time when the economy is sluggish, this is welcome news for the Commonwealth.

Virginia is ranked higher than any other state east of the Mississippi River, and is the only mid-Atlantic state ranked in the top 20.

Governor Bob McDonnell should be praised for his sound, reasoned, conservative approach to governing without raising taxes. There is little wonder that Virginia is an attractive place to do business.