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.
On May 13th, 2011 at 7:10 am
[...] The only way to stop that explosion of debt is to stop borrowing and start paying back what we already owe. The first step towards that objective is to not raise the debt ceiling. Congress and the executive branch have already shown that, if you give them money, they will spend it. If they cannot be responsible then maybe we can force them to control themselves by not giving them any more money. [...]