April 18th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement on S&P’s decision to downgrade the outlook on U.S. debt to “negative”:

“Sovereign credit rating agencies have repeatedly warned the U.S. to get its fiscal house in order or else face a downgrade of its Triple-A credit rating. Now the agencies are preparing to do just that by taking the first step of downgrading the outlook on U.S. debt to negative. That means a full credit downgrade is now substantially more likely in the next year or two.

“The time for half-measures has long past. Credit rating agencies are through issuing warnings, and now are taking action. But elected leaders have not presented any budget to meet the challenge of an imminent credit downgrade. The Obama proposal will never balance the budget, and the House-passed budget will take 26 years to do so. We just don’t have that kind of time.

“With a $14.2 trillion gross national debt that will be larger than the entire economy by year’s end, growing to over $25 trillion by 2021, soon our obligations will become too large to refinance, let alone be repaid.

“S&P is explicitly telling us that ‘[b]ecause the U.S. has, relative to its ‘AAA’ peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us,’ that we do not match up to other Triple-A rated nations. They’re preparing to downgrade us, but we are not prepared to balance the budget any time soon. Today’s statement by S&P signifies a catastrophic failure of leadership in Washington that is risking the very solvency of the American people.”

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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April 15th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement in support of the Republican Study Committee 2012 budget proposal that will achieve a balanced budget by 2020:

“Americans for Limited Government supports the Republican Study Committee budget proposal by Representative Scott Garrett as it is the only comprehensive approach to the budget that achieves balance within the next ten years. Our nation can no longer afford for politicians to just mouth the words balanced budget, it is time to get serious, and the Jordan budget proposal puts America back on the path to fiscal sanity.”

Attachments:

H. Con. Res. 37 at http://www.gpo.gov/fdsys/pkg/BILLS-112hconres37ih/pdf/BILLS-112hconres37ih.pdf .

Honest Solutions, Republican Study Committee, April 2011 athttp://rsc.jordan.house.gov/UploadedFiles/Honest_Solutions_2_Pager_FINAL.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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April 14, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement on the new Obama budget:

“Barack Obama wants to pretend that the reason we are spending more than we take in is because we don’t take in enough, when the real problem is that we are spending too much. In 2007, the budget deficit was just $160.7 billion, but this year it will rise to $1.645 trillion, a 923 percent increase. How can that be when tax rates have been relatively the same since then?

“Since 2007, annual spending has increased $1.119 trillion, and revenues have decreased by $394 billion. Put simply, 75 percent of the increased shortfall is because spending increased and only 25 percent is because revenue dropped because of the down economy. That means we have a spending problem, plain and simple.

“The implication is that 75 percent of the solution will need to include spending cuts, and the other 25 percent of the solution will be growing the economy so that revenue increases. And in order to get spending under control, Congress will need to rein in mandatory spending, which accounts for $745 billion of the increased shortfall.

“The next time Congress considers a budget, everything needs to be on the table, because that is the only way to get this monstrosity under control.”

Attachments:

“Obama’s ‘Adult’ Conversation,” By ALG Senior Editor Robert Romano, April 14th, 2011.

“Debt a Vexing Can of Worms,” By ALG Senior Editor Robert Romano, March 22nd, 2011.

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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April 13th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement on the new Obama budget:

“The new Obama budget is just like the old Obama budget. It’s just smoke and mirrors. A charade. Just like the old budget, under the new budget, every single year, spending will increase, taxes will rise, and the government will expand. The national debt will increase by about $1 trillion a year such that by 2021, the debt will be more than $24 trillion. It never anticipates a balanced budget, nor does it foresee ever paying down the debt, which will soon become too large to even refinance.

“The Obama Administration once again has proven that it cannot be taken seriously when it comes to restoring order to the nation’s fiscal house. If elected officials cannot find a way to balance the budget sometime during their terms of office, their claims of ‘fiscal responsibility’ truly are preposterous.”

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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April 12th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement on a proposed increased in the $14.294 trillion national debt ceiling:

“A big lie being perpetrated by the Obama Administration and mainstream media is that if Congress does not raise the $14.3 trillion national debt ceiling, the nation will default on its obligations. This is nothing more than a scare tactic. Just like a consumer credit limit, if the debt ceiling is reached, this will simply mean that the Treasury cannot issue new debt. The existing debt could still be refinanced, but interest owed on the debt would have to be paid out of revenue and the budget would also have to be balanced immediately. That is not a default.

“The Obama Administration needs to stop lying about the debt ceiling, and level with the American people about the dire fiscal catastrophe the nation faces with a debt so large that it cannot be paid.”

Attachments:

“The Debt Ceiling Dilemma,” ALG President Bill Wilson, January 7th, 2011.

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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April 9th, 2011, Fairfax, VA—Americans for Limited Government (ALG) President Bill Wilson today issued the following statement praising House Speaker John Boehner for getting $38.5 billion in more cuts to the 2011 budget in a deal that will fund the military through the year and averts a government shutdown:

“Speaker Boehner is to be congratulated for forcing through more real budget cuts in the midnight deal to prevent a shutdown than even his own Appropriations Committee initially proposed. This is a good first step toward restoring fiscal sanity in our nation.

“As our nation faces a real government shutdown in just a few weeks as we reach the limit on how much money the federal government can borrow, we urge the Speaker to keep the pressure on to create institutional changes that permanently pull our nation back from the brink of financial disaster before agreeing to any increase in the debt ceiling. Speaker Boehner has the political momentum, and the American people will no longer stand for giving the politicians in DC a blank check.

“It is our hope that the Speaker will force the Senate and House Democrats to at a minimum send the Balanced Budget Amendment proposed by Senators McConnell and Hatch to the states for ratification in exchange for an increase in the government’s credit limit. Our nation can no longer afford to keep borrowing and a strong balanced budget amendment would force fiscal sanity and preserve our nation’s historic greatness.”

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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April 8, 2011, Fairfax, VA—Americans for Limited Government (ALG) President Bill Wilson today praised passage of a bill by South Carolina State Representatives Bill Sandifer and Dwight Loftis that would allow the manufacture and purchase of incandescent light bulbs in South Carolina that are subject to a federal ban that begins to take effect in Jan. 2012.

“The South Carolina House has taken the lead in protecting the rights of South Carolina consumers. Nobody wants the federal government telling them which light bulbs they are allowed to use,” Wilson said.

The legislation passed 76-20 on Thursday and now goes to the State Senate for passage. “Now it’s up to the Senate to do its job, because this is about more than just light bulbs. It is about the personal choice and liberty of individual citizens,” Wilson said.

In a recent interview with Americans for Limited Government, bill sponsors Representatives Bill Sandifer and Dwight Loftis promoted the bill prior to passage:

“The basic concept of the bill is to allow the citizens of South Carolina to be able to continue to buy incandescent light bulbs,” said State Representative Bill Sandifer, Chairman of the House Labor, Commerce and Industry Committee.

“It is my strong belief that the feds have overstepped the Tenth Amendment, and now are venturing into telling us what kinds of lighting we can have in our homes,” Sandifer added.

But how can the federal government ban light bulbs? “They are trying to use again as they have so often done, the Commerce Clause. But I have a real problem with Big Brother intruding in how I live in my home,” Sandifer declared.

Wilson explained, “Since the bulbs would be made entirely in South Carolina and sold in South Carolina, the federal government has no power to regulate it under the Interstate Commerce Clause.”

Loftis blasted the federal ban on incandescent light bulbs, saying, “On the one hand, the feds say we need to do something about cleaning up the environment, and on the other hand, they impose requirements that we use this particular light bulb that has hazards with the disposal of it.” The new fluorescent bulbs are laced with mercury, raising concerns over the costs of proper disposal and over mercury seepage back into the environment.

Loftis said that passage of the bill may depend on how environmental groups respond to it. “What side are they going to take?” Loftis asked. “Are they going to take the side of clean disposal? Or are they going to take the side of potentially putting some of the hazardous materials in the landfill or back out into the environment?”

Wilson said the issue came down to protecting the rights of consumers to be free to make their own choices, concluding, “The federal government is attempting to control the decisions of consumers and the South Carolina House is saying not so fast. The people have a right to decide what kind of light bulb they wish to buy. This is a first step, and we encourage other states to follow South Carolina’s lead in protecting consumer choice.”

The federal legislation effectively banning incandescent light bulbs, the “Energy Independence and Security Act,” was enacted in 2007.

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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April 7th, 2011, Fairfax, VA—Americans for Limited Government (ALG) President Bill Wilson today issued the following statement on the Obama Administration’s veto threat of a House resolution that will fund the military through the fiscal year:

“Barack Obama has broken faith with those he purports to lead, the men and women of the armed forces, by threatening to veto a House continuing resolution that funds the military through the end of the fiscal year. The bill will also fund the rest of government for another week, and save taxpayers another $12 billion, bringing 2011’s total cuts up to $22 billion.

“Harry Reid’s inaction and Obama’s failure to lead on the budget are positively outrageous. While House Republicans are funding the military through the end of the year, Reid and Obama want to use them as a bargaining chip. There is absolutely no excuse to hold the nation’s fighting men and women hostage to save funding for NPR and other Democrat pet projects.

“It’s time for Harry Reid and Barack Obama to do the right thing. It’s time for them to do their jobs.”

Attachments:

“Put on the big-boy pants, Harry,” by ALG Communications Director Rick Manning, April 7th, 2011.

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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April 6th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement on the House Budget Committee Chairman Paul Ryan’s proposal for the 2012 budget:

“The House Republican 2012 budget proposal is to be commended for what it does right. It will reduce spending by $5.8 trillion from the current baseline. It deals with the out-of-control growth of Medicaid and ObamaCare spending. It starts the discussion on entitlement reform including making Medicare sustainable. Its mandatory budget caps will restrict the growth of spending going forward by requiring any increases above the ceiling be offset by cuts elsewhere.

“The proposal correctly diagnoses the risks that the unsustainable growth of the $14.2 trillion national debt to more than $25 trillion by 2021 poses to the American way of life. However, this budget does not fully address those risks, and that is where it comes up short in terms of bringing the nation’s fiscal house into order. Even if implemented in full, the budget would still require deep cuts.

“The proposal won’t balance the budget any time soon, if at all. It starts out with $110 billion in initial cuts when the spending caps goes into place. The fact is, by Chairman Ryan’s own numbers, the proposal will add more than $8 trillion to the gross national debt over 10 years. If $500 billion of initial cuts were made for 2012 instead of $110 billion, and then Ryan’s spending cap was implemented, instead of an average deficit of $508 billion under the proposal, the average deficit would be reduced to $130 billion, and the budget would be practically balanced by 2018.”

Attachments:

“Compound Savings,” by ALG President Bill Wilson, April 6th, 2011.

House Republican 2012 Budget, April 5th, 2011.

House Budget Chairman Paul Ryan Proposes “More than $4 trillion” in savings in 2012 budget, FOX News Sunday, April 3rd athttp://www.youtube.com/watch?v=anUaVUp17fQ and http://www.foxnews.com/on-air/fox-news-sunday/transcript/rep-paul-ryan-previews-gop-budget-sen-marco-rubio-debt-crisis-libya.

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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April 4th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today in the following statement praised House Budget Committee Chairman Paul Ryan’s proposal to rein in so-called “mandatory” entitlement in the 2012 budget by “more than $4 trillion”:

“Budget Chairman Ryan’s proposal to rein in so-called ‘mandatory’ spending by ‘more than $4 trillion’ in the 2012 budget is one that all Americans can understand. This is a savings plan. The fact is, tens of millions of households across the country balance their budgets every year and save for the future and for their children. But we have not been doing that as a nation.

“If nothing is done, the national debt will grow from $14.2 trillion now to over $25 trillion by 2021. That’s so large that it will increasingly become problematic to refinance the debt, let alone repay it. That must not come to pass.

“Chairman Ryan is correct that the real driver of the debt is ‘mandatory’ entitlement spending, which will grow from $2.17 trillion this year to over $3.45 trillion annually by 2021. Over the next decade, the government will spend a total of $27 trillion on entitlements. If the laws requiring that much money be spent are not amended to restrict their growth, there will be no way to prevent the coming debt crisis here in America.

“Overall, if nothing is done, the nation faces a catastrophic default, a collapse of the dollar as the world’s reserve currency, and a global economic collapse. The Ryan savings plan is one that will save future generations from being chained to a mountain of debt that cannot possibly be paid, and that will set the nation on a sustainable and prosperous path.”

Attachments:

House Budget Chairman Paul Ryan Proposes “More than $4 trillion” in savings in 2012 budget, FOX News Sunday, April 3rd athttp://www.youtube.com/watch?v=anUaVUp17fQ and http://www.foxnews.com/on-air/fox-news-sunday/transcript/rep-paul-ryan-previews-gop-budget-sen-marco-rubio-debt-crisis-libya.

ALG Letter to Senate Endorsing Balanced Budget Amendment, March 31st, 2011 atwww.getliberty.org/files/LetterBalancedBudget3-31-11.pdf.

Sen. Orrin Hatch Introduces A Balanced Budget Amendment, Video, Americans for Limited Government, March 31st, 2011 athttp://www.youtube.com/watch?v=d-hCiKDbxJk.

Senate Proposal to Balance the Budget, March 25th, 2011 at www.getliberty.org/files/BBA 032511.pdf.

One page fact sheet on Balanced Budget Amendment, March 25th, 2011 at www.getliberty.org/files/BBA One Pager 032511.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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