“But if the watchman see the sword come, and blow not the trumpet, and the people be not warned;

if the sword come, and take any person from among them, he is taken away in his iniquity;

but his blood will I require at the watchman's hand."

Ezekiel 33:6

"A righteous man falling down before the wicked is as a troubled fountain, and a corrupt spring."

Proverbs 25:26

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

URGENT: Tell your Congressman to vote YES on the 'Cut Cap Balance' Act

URGENT: Tell your Congressman to vote YES on the 'Cut Cap Balance' Act
If the President and Congress are serious about reigning in our national debt and putting America back on a sound economic footing for the future, it comes down to three little words: cutcap, and balance.

It really is that simple.

First, we need to cut federal spending significantly and immediately.  Republicans are offering a plan that would reduce the deficit by half next year, lowering the budget by $111 billion.  This is a steep drop in federal spending, and it is necessary.  More importantly, the cut happens now, not over ten years.  As all of us know all too well, promises to cut future spending never work.  During the debate over raising the debt ceiling, negotiators have agreed on roughly $2 trillion in cuts over ten years in order to raise the debt ceiling an equal amount.  But the increase in the debt ceiling only gets us to just past the 2012 election before we would need yet another increase.  Just two years before another debt limit increase for ten years of “promised” cuts does not seem like a fair trade.  We need spending cuts now, not in ten years.

Second, we need to cap federal spending so it matches incoming federal revenues.  Looking back at our economic history, the government has taken in roughly 18% of annual U.S. GDP in taxes.  This 18% has remained constant through high tax rates and low tax rates.  It is easy to see that the government should not spend more than 18% of GDP.  Yet today, we are spending at a rate of roughly 24% of GDP.  If nothing is done, in just ten years, 95% of our taxes will be used to pay the interest on our debt and fund unsustainable entitlement programs, leaving only 5% of annual tax revenue for national defense and all other functions of the government.  Capping spending in the only way to ensure we meet our obligations with existing revenue, not new taxes and not more spending.

Finally, we need to balance the budget by passing a Balanced Budget Amendment to the United States Constitution.  The Balanced Budget Amendment is the key piece of the cut, cap, and balance plan because it forces Congress and the Administration to balance the budget.  There would be no more gimmicks, no more “emergency spending” that isn’t paid for, and no more threats of huge taxes increases to pay for wasteful programs.

I urge you to contact your Representative and ask him to co-sponsor and vote YES on the Cut, Cap, and Balance Act of 2011.  
--The bill number is H.R.2560.  (The number of the companion Senate bill is S.1340.)  
--The House is slated to vote on H.R.2560 on Tuesday, July 19, 2011. 
--The Cut, Cap, and Balance Act meets the criteria of the Cut, Cap, and Balance Pledge
1) It substantially cuts spending;
2) It creates enforceable spending caps;
3) It requires congressional passage of a Balanced Budget Amendment to the U.S. Constitution that includes a spending limitation and a super-majority to raise taxes before the debt ceiling can be raised.
--The debt held by the public has more than doubled in just the past five years. Interest paid on the national debt is expected to more than triple over the next ten years. 
--Many economists believe the US faces a Greek-style debt crisis within the next five years if we do not get our fiscal house in order very soon. 
--The federal government has hit the $14.292 trillion debt limit set in February 2010. Raising the debt ceiling without significant spending cuts is simply a tax increase on future generations. 
--Moody’s Investors Services has said the AAA rating of US government bonds is in jeopardy unless Congress passes “a budget that includes long-term deficit reduction.” 
--Standard & Poor's has said it will downgrade US debt if the US doesn't 1) cut spending substantially and 2) REFORM the way it budgets, to control future spending. 
--The Cut Cap and Balance Act (CCB) would meet the tests set forth by Moody's and S&P, so we never again face this kind of debt problem. In short, "CCB=AAA."
--The Cut, Cap, and Balance Act is a long-term deficit reduction package that will ensure we get back on the path of fiscal sanity and are not downgraded from our AAA bond rating. 

Click here to see FreedomWorks' letter on the Cut, Cap, and Balance Act.  
Click here to see FreedomWorks' Key Vote Notice on the Cut, Cap, and Balance Act.




Image and video hosting by TinyPic     Image and video hosting by TinyPic     Image and video hosting by TinyPic     Image and video hosting by TinyPic     Image and video hosting by TinyPic