It is time for congressional Republican leaders, including House Speaker John Boehner, to play hardball on the debt ceiling.
The only way House Republicans’ leverage on the debt ceiling will work is if they’re willing to not increase the debt ceiling. Because, if they are unwilling to go that far, they will achieve exactly zero concessions in exchange for their votes.
That is why Americans for Limited Government is supporting Senator Jim DeMint and House Republican Study Committee Chairman Jim Jordan’s “Cut, Cap, and Balance” Pledge. All members of Congress should be taking this pledge.
Basically, there should be no increase in the nation’s $14.294 trillion borrowing limit unless there are hundreds of billions of immediate spending cuts, statutory spending caps of no more than 18 percent of the Gross Domestic Product, and a balanced budget amendment with strong tax and spending limitations.
Unless all of that is done, the American people will have no assurance that the debt ceiling will not just need to be increased again, again, and again in the future.
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