Sign today.
Let's restore fiscal sanity.
Reject the debt.
It's time to get responsible.
Make a donation
Show your support.
Our Mission
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.

Florida Candidates Reject Today’s Debt for Tomorrow’s Generation

Fred Costello graphic

After a brief email correspondence with Florida State Representative, and candidate for the Republican primary in Florida’s 6th Congressional district, Dr. Fred Costello, one thing was clear: his family’s future is at the forefront of his mind while thinking about government policy.

When asked for a head shot we could use to create a graphic highlighting his signing our Reject the Debt pledge, Dr. Costello sent a picture of him surrounded by grandchildren, accompanied by the words “Although I doubt it “fits”… It might make the point!”

Dan Bongino, a candidate in Florida’s 19th district’s open seat, expressed a similar concern when explaining his rationale for signing, “Debt is a tax. It is a pernicious tax on the prosperity of your children and your grandchildren.”

That “point” Dr. Costello and Mr. Bongino hope to make, is that our national debt will disproportionately burden today’s youth. The Congressional Budget Office (CBO) recently released a revised economic outlook, which cited growth in spending for Social Security, Medicare, and interest payments on our debt will lead to ever-increasing deficits that will leave a lasting impact on our national debt.

Just last year in 2015, SS’s payments to its beneficiaries exceeded its revenues by nine percent. In less than 10 years, this gap will widen to 30 percent. These are signs of an unsustainable system, and we need Congressmen who will commit towards fiscal discipline that will ensure the next generation can bear the fruits of their labor.

In the event of another economic crisis, the CBO expects investors would require higher compensation (higher interest rates) to continue funding government borrowing, which is partially why the CBO expects the interest payments on our debt to triple, in nominal terms, over the next 10 years. And with interest rates today at historically low levels, an increase in rates would lead to interest payments on the national debt consuming a larger piece of the federal budget’s pie, further decreasing any potential for our children to benefit from programs that today’s retirees rely on.

By Rejecting the Debt, these candidates have helped create a more safe, fiscally sound tomorrow for today’s youth.

Hans Tanzler plans on bringing business expertise to Washington’s budget

Hans Tanzler image

Hans Tanzler knows what it takes to improve a business facing dire financial conditions. According to his website, Mr. Tanzler has led successful “turnarounds” for multiple businesses, including one that employed 1,500 workers, and the Saint John’s Water Management District, which supplies water for 5 million people.

Mr. Tanzler believes that, “If families, businesses, cities and states have to live within their means, so should Washington.” Signing the pledge to Reject the Debt enhances an already impressive business record, and he hopes to apply that same expertise to Washington’s budgetary issues.

Come election day, voters should be wary of the usual promises, in the form of sound bites, that we hear from candidates. Mr. Tanzler has signed a pledge, and has committed to consider all spending open for reduction. This signals that his true intentions, and actions, speak louder than words.

Jason Lewis, candidate in MN-2, signs Reject the Debt pledge

The only effective way to fiscal responsibility is though decreases in federal spending--and that's why I 'reject the debt.' (1)

Jason Lewis, host of a popular radio show based out of the Twin Cities, has never been shy about his feelings towards reducing federal spending, calling for, “across the board budget reductions to get our federal finances in order.”

Mr. Lewis is concerned by the dynamic effects of our federal government’s ballooning budget, specifically citing budgetary increases as “the single biggest drag on economic growth and job creation.” He reasons that, “government spending crowds out productive private investment.” A report from the Federal Reserve Bank of Saint Louis provides further backing to these claims.

The host of the Jason Lewis Show also frames the argument for decreased federal spending as a matter of government infringement upon individual liberty. “No matter how you finance big government spending – whether taxes, borrowing, or printing money – it all comes out of your pocket.”

Lewis, Congressional candidate in Minnesota’s 2nd district’s Republican primary, is proud to sign the pledge because, “The only effective way to fiscal responsibility is through federal spending – and that’s why I ‘Reject the Debt.'”

Dr. Yomi Faparusi signs Reject the Debt pledge

The Federal government currently owes over $19 trillion in debt. That number is set to increase even more thanks to last year’s budget deal, which the CBO projected would increase the deficit in relation to the size of the economy, for the first time since 2009.

Regardless of which presidential candidate you vote for in November, forecasters expect our nation’s fiscal path to be full of either reckless spending, or increasing deficits.

That is why the Coalition is proud to include Congressional candidates who are willing to commit, on the record, to responsible federal budgeting by signing the Reject the Debt pledge.

Yomi Faparusi, pledge signer and candidate in Tennessee’s 4th district’s Republican primary, knows firsthand how a nation’s middle class can be wiped out by soaring national debt. “I lived through it in Nigeria, relocated to the U.S. for the American dream, and I will do all I can to keep the debt from crushing the American Dream.”

An Important Step Toward Responsibility

Last year, the Coalition to Reduce Spending was proud to support H.R. 3442, the Debt Management and Fiscal Responsibility Act, introduced by Rep. Kenny Marchant (R-TX). This bill aimed to introduce accountability into the debt limit process by requiring the Treasury Secretary to outline the economic consequences of raising the debt limit, and the Administration to present deficit reduction strategies.

The CBO estimated the bill’s cost to be less than $500,000 over five years, stating that the Treasury Department “already undertakes much of the work required for such a report.” We were thrilled the House passed H.R. 3442 back in February.

Today, the Senate Finance Committee is reintroducing the bill, with an important update that strengthens it further. The new section requires Treasury to also submit information on contingency plans for a potential default. This requirement is key in light of recent news that during the last debt limit standoff, officials deliberately kept Congress and the public in the dark when it came to their plans for avoiding a default so that there would be more pressure to hike the limit. This update to the Debt Management and Fiscal Responsibility Act would prevent such trickery in the future.

The Coalition to Reduce Spending is proud to support this effort and urges all fiscal conservatives to do the same.

Learn More
Help us spread the message. Donate today.