The National Committee of the Republican Liberty Caucus voted unanimously to pass the following resolution in opposition to any increase in the federal debt ceiling.
WHEREAS government should tax citizens only at the minimal level necessary to fund the essential functions of government; and
WHEREAS the funding of unnecessary government spending from direct taxation and excessive debt is an assault on the natural property rights of all taxpayers and on the future liberty of our children; and
WHEREAS the national debt has tripled in the last decade and is expected to exceed 100% of Gross Domestic Product (GDP) by the end of the year; and
WHEREAS Congress has raised the debt ceiling three times in the last two years; and
WHEREAS Congress has continued to raise the debt ceiling time and time again, showing no capacity for fiscal discipline or deficit reduction;
THEREFORE, BE IT RESOLVED that Congress should not raise the debt ceiling in 2011.
Instead, Congress should shut down non-essential government programs and limit operational expenses to incoming revenue until a balanced budget can be passed.
We urge our members and state affiliates across the country to contact their Representatives and Senators to urge opposition to any increase in the debt ceiling and demand responsible cuts to end deficit spending/reduce the debt.