When a virtual army of RLC endorsees including Senators Jim DeMint, Rand Paul, Pat Toomey and Mike Lee plus Congressmen like Jeff Flake and Ron Paul are all backing something you know it has to be a good idea and an important statement for smaller and more responsible government. While some congressional leaders like Sen. Mitch McConnell seem ready to sell out to the Obama administration’s demands for more taxes and spending, responsible leaders with principle are promoting the “Cap, Cut and Balance” pledge.
With the US facing an unavoidable debt crisis, we’re not going to be able to balance the budget and revitalize our economy on the backs of taxpayers or with superficial cuts in a few programs or cuts put off over long periods of time. We need real and substantial cuts now, including an end to our unnecessary wars, restructuring of entitlement programs and a program by program audit of every aspect of the federal government.
Faced with demands to raise the debt limit without implementing needed cuts, fiscal conservatives in Congress are signing the new “Cut, Cap and Balance” pledge which follows the guidelines of the Republican Study Committee and demands real and immediate cuts, enforceable spending caps, and Congressional passage of a Balanced Budget Amendment to the Constitution.
As proposed by the Republican Study Committee, Cut, Cap, and Balance entails:
* Cut – Immediate spending cuts to reduce the deficit by half next year. According to March projections from the Congressional Budget Office, this would require spending cuts of approximately $380 billion in the 2012 fiscal year.
* Cap – Statutory, enforceable caps that bring spending into line with average revenues at 18% of GDP. Reps. Kingston and Mack have each introduced legislation that would ratchet total federal spending down to 18% of GDP over the course of 5-6 years.
* Balance – House and Senate passage of a Balanced Budget Amendment to the Constitution that includes a spending cap at 18% of GDP and a supermajority requirement for tax increases. The House Judiciary Committee and all 47 GOP Senators have endorsed Balanced Budget Amendments along these lines.
You can show your support by signing the pledge too at www.cutcapbalancepledge.com.