July 27th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement analyzing two “competing” plans offered by the House and Senate to increase the $14.294 trillion debt ceiling:
“The only vital difference between the House and Senate plans is Iraq and Afghanistan. The Senate plan places a cap on spending which includes war spending, and the House plan allows the discretionary spending cap to be adjusted to pay for the war. So, while the House has been saying the Senate uses illusory savings from winding down the theaters in the war, the House plan actually includes provisions to allow those operations to be funded above the spending cap, according to the CBO. Therefore, the savings are not illusory per se.
“If the Iraq/Afghanistan savings were included in the House plan, the two bills would be nearly identical.”
Attachments:
CBO scoring on Reid plan:
http://www.cbo.gov/ftpdocs/123xx/doc12338/SenateBudgetControlAct.pdf
CBO scoring on Boehner plan:
http://www.cbo.gov/ftpdocs/123xx/doc12336/HouseBudgetControlAct.pdf
Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.
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