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Out-of-control government spending is the most pressing issue of our day. The Coalition to Reduce Spending is dedicated to advocating for reducing federal spending and balancing the budget. Continuing to live beyond our means will only jeopardize our country's future prosperity and security.
News

How Super will today be for reducing spending?

Here at the Coalition, we’ve been just as riveted as anyone while the national election continues to unfold, but the hundreds of other races going on across the country are arguably just as important.

Today, voters in Alabama, Arkansas, and Texas are heading to the polls for the nation’s first Congressional primaries. Every federal candidate has been approached with the opportunity to sign the pledge to Reject the Debt.

And as we told you recently, there are a few key races that have caught our focus, from the race for Senate in Alabama to the contest to replace retiring Texas Rep. Neugebauer in TX-19, where most leading candidates have signed. There’s also the 7th District of Texas, where Representative John Culberson recently became the first elected pledge signer of this cycle, or the 8th District, where pledge signer Steve Toth is one of many strong candidates across these early states.

Looking ahead, we’re also working in states like Florida and Indiana, where leading candidates in open races and elsewhere have pledged to reject Washington’s largesse.

As we watch to see who will take the top job in November, let’s remember that it’s Congress who holds the purse strings.

Making sure those strings are held just a little tighter is the cause of our generation.

Texas candidates Reject the Debt

As the March 1 primary approaches, one key state has proven its dedication to reining in the nation’s out-of-control spending. Texas, whose Senator Cruz has signed the pledge to Reject the Debt, has strong candidates statewide who are also stepping up to stand for reducing spending.

The pledge commits candidates to vote only for budgets with a path to balance and to offset new spending with cuts elsewhere, as well as to consider all spending open for reduction.

Here’s what some candidates have to say about the issue.

“The crazy spending must stop. For this to happen, we need committed Conservatives who won’t buckle under the pressure and will make real cuts.”

– Lou Gigliotti, TX-4

“The greatest threat to the American people is not a foreign power or extremist group; it is a Federal government incapable of operating within its own budget.”

– Jason Corley, TX-19

“It’s time to protect America’s future by fighting reckless spending and out-of-control debt.”

– James Lloyd, TX-7

Espinoza

“It is crucial for the survival of our nation that politicians stop the out-of-control spending.”

– Maria Espinoza, TX-7

“Washington has a lot to learn from Texas, and I’ll keep up the fight to make sure that they listen.”

– Representative John Culberson, TX-7

View all of our signers here!

Rep. Marchant’s debt limit bill comes to House floor tomorrow

UPDATE, 2/12: The bill passed 267-151 — great news for taxpayers!

There hasn’t been a wealth of good fiscal news lately, but tomorrow, the House of Representatives will consider a bill that has the potential to target some of the root causes of ever-rising spending and debt.

Representative Kenny Marchant’s bill, H.R. 3442, the Debt Management and Fiscal Responsibility Act, would require Treasury to keep Congress and the public informed on the federal government stands in relation to reaching the debt limit, and to propose solutions.

We’re proud to support this legislation and commend Rep. Marchant for seeking long-term solutions to our nation’s spending problem.

NEWS RELEASE: Representative Culberson (TX-7) Signs ‘Reject the Debt’ Pledge

FOR IMMEDIATE RELEASE
CONTACT: Rebekah Johansen
Tel.: (571) 257-5045
Email: rebekah@reducespending.org

REP. CULBERSON PLEDGES TO ‘REJECT THE DEBT’ IN 7TH DISTRICT CONGRESSIONAL RACE
Culberson joins nonpartisan Coalition that includes Rep. Steve Chabot (OH-01), Sen. Ted Cruz (TX), and Rep. Mark Sanford (SC-1)

ALEXANDRIA, VIRGINIA (February 8, 2016) – Representative John Culberson of Texas’ 7th Congressional District has officially signed the Coalition to Reduce Spending’s pledge to reduce spending. The pledge stipulates that Davidson will not vote for any spending without offsets elsewhere in the budget and will vote only for budgets with a path to balance.

Davidson joins hundreds of candidates and elected officials from across the country. Elected signers include Rep. Steve Chabot (OH-01), Sen. Ted Cruz (TX), Rep. Doug Collins (GA-9), and Rep. Mark Sanford (SC-1). Also in the 8th,

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Taxpayers misled during government shutdown

It’s no secret that government shutdowns can be bad news for politicians and financial markets alike. Standoffs over debt limit hikes and other government funding battles can put fiscal conservatives in a difficult spot. But news this week shows that the spot was deliberately made just a little tougher recently.

The Obama administration considered prioritizing debt payments if the nation hit its borrowing cap, despite public assurances from the Treasury Department that such a plan would be unworkable, according to a congressional probe.

The Republican leadership of the House Financial Services Committee charged Monday that Treasury Secretary Jack Lew and other department officials misled the public when it came to the risks of the debt ceiling.

Citing subpoenaed documents, the lawmakers found that Treasury consulted with Federal Reserve officials about prioritizing payments and deliberately worked to keep lawmakers in the dark.

One internal email from the Federal Reserve Bank of New York showed that “Treasury wants to maximize pressure on Congress by limiting communications about contingency planning.”

In other words, even though some in Congress floated plans to prioritize payments and lessen the risk to the nation’s creditworthiness, Treasury may have misled lawmakers — and the public — on just how much flexibility really existed in order to discourage conversations to begin with.

House Financial Services investigations subcommittee will hold a hearing on the controversy on Tuesday.

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