Debt Ceiling Vote – Club for Growth opposed to increasing federal debt limit

Recent Email:

As you know, our national debt is fast approaching $14.3 trillion, the so-called “debt ceiling.” Congress is not allowed to borrow beyond that amount without first increasing the limit. Thankfully, this gives fiscal conservatives an opportunity to demand strong structural reforms to how the government spends our money.

Here at the Club, we are recommending that all Members of Congress vote “NO” on increasing the debt limit unless they pass a balanced budget amendment (BBA). One we have endorsed caps spending at 18% of GDP, and requires a 2/3rds supermajority in both chambers to increase taxes. When you consider that Congress is now spending (and borrowing) 24% of GDP, that BBA proposal is a very strong, pro-growth haircut.

Catching even us by surprise, all 47 Republican Senators have endorsed this proposal, but support is slow to gather in the House. And that’s where we need your help. Please contact your Representative and demand that they co-sponsor H.J.Res 56, authored by Rep. Joe Walsh (IL-08). Tell your Representative, “No BBA, No debt ceiling increase!”. The Capitol Hill switchboard is (202) 224-3121. Click here to see the 34 current co-sponsors of the Walsh BBA.

This past week, both the House and the Senate passed the Fiscal Year 2011 continuing resolution. Speaker Boehner negotiated the deal with the Democrats, and at the end of the day, it was a pretty weak deal. Click on the following links to see how they voted: House | Senate.

Today is April 15, which is usually Tax Day (the tax filing deadline is Monday because of a Washington, DC holiday). And traditionally, that’s a pretty depressing day. But the good news is that Ayn Rand’s famous free market book, Atlas Shrugged, is now on the big screen! Today is the official release of part 1 of the long-awaited movie. Click here to watch the trailer and to find out where it’s playing in your area.

Thank you, as always, for everything you do to support economic freedom and limited government. To do even more to support the Club, click here to help us continue our work on freedom’s behalf.

Best regards,

Chris

________________________________________
Chris Chocola
President, Club for Growth
2001 L Street, NW, Ste 600
Washington, DC 20036
PH: 202-955-5500

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