The following letter from Americans for Limited Government President Bill Wilson urges Speaker Boehner to hold another vote on ‘Cut, Cap, and Balance’ with a few amendments:
July 29th, 2011
The Speaker of the U.S House of Representatives John Boehner
U.S. Capitol
Washington, D.C. 20510
Dear Mr. Speaker:
You are to be commended for leading the House of Representatives to pass the only legislation that would deal with our nation’s credit crisis — the “Cut, Cap and Balance” legislation.
Through your leadership, the House has passed this important bill, and it provides the pathway forward to forcing the Senate to responsibly deal with our nation’s fiscal crisis.
Rather than continuing down the path which doesn’t have the votes in the House, we strongly encourage you to re-vote cut, cap and balance with two amendments.
First, increase, rather than decrease, the cuts in Fiscal Year 2012 by 10 percent across the board. Given the accelerating debt crisis in Europe, these additional cuts will send a strong signal to markets that the U.S. is serious about dealing with our debt crisis.
Second, wrap Representative Gowdy’s legislation instructing the President to pay the debt, seniors and military first into the bill, putting your Members on record against default and the politicization of the credit crisis debate with our nation’s seniors and military.
While it may seem contradictory to pass legislation that has already gone through the House, it will re-emphasize that the credit crisis and any potential default is directly on the Senate Majority Leader’s doorstep.
Perhaps even more importantly, the cut, cap & balance bill gives the President the one thing he really wants — a debt extension through the 2012 election. A significant concession that was lost in the original debate on the bill.
Americans for Limited Government has not been shy about our opposition to other proposals due to their failure to meet the basic threshold of $4 trillion in debt reduction over ten years that was set forward by S&P and Moody’s. Anything short of that threshold virtually guarantees a credit downgrade which would be disastrous to our nation’s economic future.
Once again, thank you for your leadership in passing cut, cap and balance, through passing it again with the Gowdy bill rolled in, you will be providing a pathway for resolving our nation’s credit crisis.
Sincerely,
William Wilson
President
Americans for Limited Government
