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Topic: Government Spending

Politico Interviews the Club's Andy Roth on the Debt Limit Debate

Posted on Apr. 21, 11 | 01:42 PM by Andrew Roth | Topic: Government Spending

Permalink: http://www.clubforgrowth.org/perm/?postID=15020
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The Debt Limit Debate

Posted on Apr. 21, 11 | 11:20 AM by Andrew Roth | Topic: Government Spending
This morning, the Politico's David Mark asked:

House Majority Leader Eric Cantor says the GOP will not grant Democrats’ “request for a debt limit increase” without major spending cuts or budget process reforms. Cantor (Va.) says he’s ready to plunge the nation into default if the GOP’s demands are not met.  Who will blink first in the debt ceiling standoff? Do Cantor and House Republicans have public opinion on their side?

Several pundits and political types responded. Here's an excerpt from my own contribution:

First off, it’s lazy journalism to state as fact that the country will default on its obligations if the debt ceiling is reached and not increased. The Treasury still collects tax revenue and has enormous capacity to pay its debts if such an event occurs. Indeed, if strong budget reforms are demanded – and Republicans hold tight – bond prices will naturally rise as Washington conveys to Wall Street and the rest of the world that it’s serious about cleaning up its balance sheet.

To that point, there’s a growing consensus that Republicans should demand the balanced budget amendment offered by Sen. Mike Lee (Utah) and Rep. Joe Walsh (Ill.). This pro-growth proposal caps spending at 18% of GDP and requires supermajorities in Congress to increase spending, taxes, and future debt limits. If such a proposal were adopted, the economy would take off like a rocket ship.
Permalink: http://www.clubforgrowth.org/perm/?postID=15019
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House Passes FY11 Continuing Resolution

Posted on Apr. 14, 11 | 03:44 PM by Andrew Roth | Topic: Government Spending
The House just passed the watered-down continuing resolution to fund the government through September.  The tally was 260-167.
Permalink: http://www.clubforgrowth.org/perm/?postID=14974
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New Press Release

Posted on Apr. 01, 11 | 12:23 PM by Andrew Roth | Topic: Government Spending

Club for Growth Commends Senate GOP for Introducing Balanced Budget Amendment
Calls on House Leaders to do the same

WASHINGTON - Club for Growth President Chris Chocola issued the following statement after all 47 Republicans in the Senate introduced a balanced budget amendment (S.J.Res 10) to the Constitution yesterday:

"This is a bold and exciting plan. It takes power away from Washington and puts it into the hands of American taxpayers. We need to get our fiscal house in order and this is exactly the way to do it. We encourage all members in the House, especially Speaker John Boehner, to get behind this proposal immediately. And we hope that all members of Congress demand successful passage of this amendment as a prerequisite to raising the debt ceiling when that debate begins. No BBA, no debt ceiling increase."

"It's time to show the American public that Congress is serious about tackling the national debt, and this is the most serious plan to do that." 

Permalink: http://www.clubforgrowth.org/perm/?postID=14925
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Sen. Toomey on the Balanced Budget Amendment

Posted on Apr. 01, 11 | 10:28 AM by Andrew Roth | Topic: Government Spending
 
Permalink: http://www.clubforgrowth.org/perm/?postID=14922
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Reasons Why General Motors Still Struggles

Posted on Mar. 23, 11 | 12:42 PM by Andrew Roth | Topic: Government Spending
Club for Growth board member Ken Blackwell laments about how the government's intervention in General Motors has done nothing to help the company:

The company that brought us the Camaro and Corvette has a new "car of the future" — the Chevy Volt. It may be the car of the future, but it's the distant future. If the company is going to meet its goal to sell 10,000 Volts by year-end, it'll have to pick up the pace: It sold only 281 of them in February.

The story of the overtouted and undersold Volt is just one example of how General Motors continues to struggle. How did so much go so wrong for this once-great company? The answer lies in misplaced priorities, miscalculations and unfocused vision.
 
Permalink: http://www.clubforgrowth.org/perm/?postID=14887
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Tim Huelskamp Boldly Defies Leadership in Budget Showdown

Posted on Mar. 12, 11 | 02:37 PM by Andrew Roth | Topic: Government Spending
After the Club for Growth joined forces with Heritage Action and Family Research Council yesterday in opposing the latest "kick the can" continuing resolution, Rep. Tim Huelskamp released a brave statement declaring his opposition as well.

Russ Vought of Heritage Action captured Huelskamp's courage perfectly:

Quite frankly, this is a stunning display of leadership by any member, let alone a freshman. Declaring your opposition publicly this quickly both plants a flag and ensures that you have less of a chance of being picked off in the days ahead. It reminds me of when Pat Toomey got out early to rally his colleagues against the Medicare prescription drug bill, and when Mike Pence sent out an early release to do the same against TARP.

Club members ought to vote Huelskamp UP in the Power Ranking.  Not just today, but every day.  Leadership like this is rare and taxpayers should thank him for it.
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Senator Toomey's Maiden Speech

Posted on Mar. 01, 11 | 04:25 PM by Andrew Roth | Topic: Government Spending
 
Permalink: http://www.clubforgrowth.org/perm/?postID=14816
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Awesome Photo of the Day

Posted on Feb. 18, 11 | 08:48 AM by Andrew Roth | Topic: Government Spending
Tell Rep. Dan Benishek that you love his new sign!


Permalink: http://www.clubforgrowth.org/perm/?postID=14774
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Proposal Leaves $42 Billion on the Table

Posted on Feb. 07, 11 | 11:07 AM by Andrew Roth | Topic: Government Spending
In their Pledge to America (PDF) from last year, House Republicans were quite specific when they said they were going to cut $100 billion in non-security discretionary spending from the FY11 budget.

But as our friends over at Heritage Action point out,  GOP leadership has only proposed $58 billion in cuts....a whopping $42 billion short of the goal.

Their explanation?  We're already five months into FY11 so Republicans decided to pro-rate their number.

Really?  Pro-rate?  Just cut $100 billion.  The American people appreciate a pledge.  They appreciate delivering on a pledge.  What they don't appreciate is when politicians wiggle around a pledge.

I'm sure that House Republicans are sincere in cutting spending, but why don't they just deliver on what they promised in the most direct, simple manner possible?
Permalink: http://www.clubforgrowth.org/perm/?postID=14739
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NPR Interview with Chris Chocola

Posted on Jan. 27, 11 | 10:09 AM by Andrew Roth | Topic: Government Spending
Club for Growth president Chris Chocola did a radio interview with NPR on Wednesday in response to President Obama's State of the Union address.  You can listen to it here.
Permalink: http://www.clubforgrowth.org/perm/?postID=14715
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