Memo For the Movement: Congress Must Pass a 10-Year Pathway to Balance to Raise Debt Limit

By Net Right Daily

RE: On New Year’s Eve, outgoing Treasury Secretary Tim Geithner informed the American people the federal government once again reached its credit limit.  Now, like reckless teenagers, the Obama administration and congressional Democrats are demanding another credit limit increase with no strings attached. Not only are they jeopardizing our future, but also our children’s.

ACTION: Today is the day we stop stealing from our children. Conservatives should not raise our nation’s statutory debt limit unless Congress passes and the President signs into law real reforms and immediate spending reductions that place America on a path to balance within 10 years without raising taxes and keeping the budget in balance.  Although the Administration currently has authority to prioritize interest payments when the nation hits the debt limit, Congress should also pass legislation to reaffirm that authority, thereby avoiding the administration’s reckless and false claims of default. By doing so, America’s full faith and credit will not be questioned.  To Read More......