The Republican Liberty Caucus has released the following statement on the agreement to raise the debt ceiling:
Trading Massive New Debt for Unenforceable Promises of Future Cuts is Grossly Irresponsible
The plan to raise the debt ceiling agreed on by the House this weekend is a total fraud, a vessel of broken promises, and a gross evasion of congressional responsibility to spend within its means, according to the Republican Liberty Caucus, a national organization of activists with official affiliates in 42 states. The Caucus Board of Directors blasted the latest deal as an insult to the basic American principles of individual liberty, limited government and private enterprise.The rest can be found here.
"The details will probably be secret until after the law is signed by the President," says RLC Director Bill Westmiller of California, "but it is certain that it will authorize enough additional debt to pay the costs of last year's bailout, the Democrat's stimulus, all the expenses of ObamaCare, and the continuation of extravagant federal programs implemented by both Republicans and Democrats over the past decade."
The nearly three trillion dollar increase in the Debt Ceiling will take away all pressure on Congress to implement responsible spending policies for the next eighteen months, ensuring that spending and debt issues will not be prominent during the 2012 campaigns.
"This deal is a blatant violation of the promise from House Speaker John Boehner that every dollar of new debt would be matched by a dollar of cuts," noted RLC National Chairman Dave Nalle. "All of the cuts are stretched over ten years, while the deficit spending will occur in less than eighteen months," explains Nalle, "which means that we're actually getting less than ten cents of current cuts for every dollar of perpetual debt. That's not a deal, it's a blank check for bigger government."
The final plan includes unspecified spending cuts, which would be spread over ten years. For the coming fiscal year, there will be real cuts of less than $100 billion dollars. Since the bill assumes that the same level of reduced spending will continue for ten years, the "savings" are simply added together, for the supposed $1 trillion of cuts. There's no real plan for specific long term cuts.
"Whether it's one trillion or three trillion, it's meaningless," explains RLC Northeast Regional Director Vic Berardelli of Maine. "The Supreme Court has already ruled and all legislators acknowledge, that one Congress cannot impose any obligations on a future Congress," says Berardelli. "That means that all of the promised cuts are not binding on the federal government after the next election. They might as well not even exist"
The Supreme Court threw out the Gramm-Rudman Balanced Budget Act in July 1986, as a violation of the Constitution, by a 7-2 vote. Every prior budget authorization must be renewed by the new Congress, or it simply expires.
"There are no real cuts in the debt ceiling compromise," says California RLC Director David Johnson. "Instead there are just promises of cuts to 'projected spending," which is another way of saying they've eased up slightly on the accelerator of the car heading for the cliff. These guys aren't even trying. I fully understand that the big cuts needed from defense and entitlement are controversial. But where are the smaller uncontroversial cuts? Why are there no cuts in corporate welfare? Why no cuts in foreign aid?" …