Jim DeMint: DeMint’s Debt Limit Message to South Carolina

Senator Jim DeMint issued the following statement to the Charleston Tea Party yesterday.

Jim DeMint

Fellow Conservatives:

I have troubling news. I’m very careful about criticizing my party’s leaders, but what is happening in Washington right now cannot be ignored. House Speaker John Boehner (R-OH) has abandoned the Cut-Cap-Balance Act and is now pushing a new plan that is nearly identical to the one proposed by Senate Majority Leader Harry Reid (D-NV).

The Boehner-Reid plan gives the President an immediate increase in the debt limit and only promises to cut spending in the future. It violates all three principles of the Cut-Cap-Balance Pledge because it does not substantially cut current spending, it does not truly cap future
spending, and it does not require the passage of a strong Balanced Budget Amendment before raising the debt limit.

In short, I oppose the Boehner-Reid plan because it won’t balance the budget and stop the debt that is destroying our country.

The Boehner-Reid Plan

You will hear many claims about this plan over the next few days as it is pushed through the House and Senate. Some of
these claims will be true, but many will be false. Here are the facts. The Boehner-Reid plan:

  • Provides two increases in the debt limit — $900 billion and $1.6
    trillion — totaling $2.5 trillion
    . It gives the President
    an immediate $900 billion increase given that Congress does not vote to
    disapprove it. It gives the President another $1.6 trillion increase next year
    if a bill written by a new Super Committee passes both houses and becomes law.
  • Reduces spending by only $1.2 trillion over the next ten years.
    This amount won’t even come close to balancing the budget, as
    the debt is expected to grow by as much as $10 trillion over the next decade.
    The plan also reduces spending by only $6 billion in 2012. Considering that our
    government currently spends $10 billion a day, $6 billion is far too little to
    cut over the first year of the plan.
  • Calls for a vote on the Balanced Budget Amendment but does
    not require its passage
    . Without passage of a strong Balanced Budget
    Amendment, Congress will never break its addiction to spending.
  • Makes it virtually impossible to stop the debt limit from going up.
    The debt ceiling increases can only be stopped if Congress passes a resolution
    of disapproval and then votes to override the President’s veto with two-thirds
    support in the House and Senate.
  • Creates a new, 12-member Super Committee to write another “grand
    bargain”
     to reduce the deficit by at least $1.6 trillion. It does not,
    however, prohibit the Super Committee from writing a bill to raise taxes
    and destroy jobs
    . The bill can then be fast-tracked through the House
    and Senate with no amendments.

Why It Should Be Rejected

After reviewing the details of Boehner-Reid plan, I cannot support it. It won’t balance the budget and stop the debt. Even if the cuts called for in the plan were real, the debt will still increase by $7 trillion over the next ten years.

  • It won’t protect our AAA bond rating. According to
    financial reports, this plan will not reduce long-term spending by enough to
    prevent a downgrade. If we lose our AAA rating, it will create higher interest
    rates and cause our debt to grow even faster.
  • It will likely result in higher taxes that will destroy
    even more jobs. The unemployment rate is over 9 percent. We cannot afford to
    lose more jobs when so many Americans are struggling to find work.

There are some in my party who think I should ignore the flaws of the Boehner-Reid plan, bite my tongue, and support my party’s leaders. If I thought this were a political game, that might make sense. But the future of our country is at stake, I don’t believe this plan will save it, and I have a moral obligation to say so.

The Way Forward

Fortunately, there is a much better solution.

The Cut-Cap-Balance Act would balance the budget, stop the debt, and protect our AAA bond rating. This legislation passed the House with bipartisan support but was blocked by Democrats in the Senate.

The votes in the Senate for Cut-Cap-Balance are there if Republicans stand firm. 23 Democrats in the Senate have expressed support for
the Balanced Budget Amendment at some point in their careers. They’re blocking it now because they believe Republicans will blink and agree to something much less.

And that’s exactly what will happen if the Boehner-Reid plan is passed. It gives the big spenders in Washington everything they wanted — an
increase in the debt limit, phony spending cuts, and a mechanism to pass tax increases.

Please call your senators today and urge them to oppose the Boehner-Reid plan and to demand passage of the Cut, Cap, Balance Act.

Respectfully,

Jim DeMint
United States Senator
Chairman, Senate
Conservatives Fund

Courtesy of Charleston Tea Party

Linked by Terresa at Noisy Room – thank you!

  • Well, I see know why John McCain has decided to berate the “little people” in the House.

    Between him and Boehner, we have no chance of getting CCB at all.

    http://www.hookersandbooze.com/2011/07/you-are-over-john-mccain/

  • Six billion dollars of cuts in fiscal 2012 is the best Boehner can do? Who cares what is theoretically going to happen in the future? Surely our boys and girls can do better than six billion. They spend more that that every single day!

    • JIM, republican SEN. COBURN HAS A 600 PAGE DOCUMENT WHICH SHOWS WHERE 9 (NINE)TRILLION DOLLARS COULD BE CUT FROM THE BUDGE JUST ON DUPLICATE SPENDING. DOESN’T THAT SHOW YOU HOW SERIOUS THE HOUSE IS ON SPENDING CUTS.?all they can think to cut are the “entitlement” programs.Something is wrong with this picture. Because thats what they want to cut. If they seriously dont want to inclde revenue they could still get rid of 9 Trillion dollars of debt just by getting rid of duplicate programs which are disfunctional anyway wouldn’t it make more sense?

  • i agree that Boenher is useless as a leader. but then look at what he has to lead. People like you and the teapots who have sold their brains to norquist for money and now represent only his interests and NOT those of your constituents or our Constitution. the 14th amendmend of our constitution clearly states that you will not question the debt incurred by enactment of laws by our congress. YOU ALL SWORE TO UPHOLD THE CONSTITUTION why are yoiu upholding the pledges to norquist over that. explain that to you constituents mr Demitt and the rest of responsible minded americans who DO pay their bills

  • strange that a responsible us republican senator can find 9 trillion that could be cut but you guys play around with penny anti crap. sit down THINK STUDY LEARN and do the job WE (not mr Norquist ) the people are paying you to do.And please stop trying to blame every thing on past or present POTUS. ultimately houise and senate created the bills voted for them and enacted them into law by those votes. NOW PAY FOR THEM. Then look for away to stop idiot sheep like you have all been from doing this again.

  • id keep john mcCain if i were you he has at lease 1 brain cell un certain about some of the rest of you.

  • mr demitt the only part of your message i agree with is that this bill is just as usless as the cut cap and balance one.Seems like you all should be helping these freshmen learn the proper way to present bills to house and or senate instead of lying to the people back home when you are selling them down the river for your own grandizement: and buying in to their insurrection

  • as to the phony spending cuts the house has come up with lots of those.but they decided they could not do without plastic containers in house cafeteria. WHat kind crap is that. They want to protect tax breaks for big oil so badly that they would throw our economy into a depression but they have to have styrofoam containers for themselves. LISTEN TO SEN> COBURN. he has 600 pages all typed and ready for you to cut duplicate spending bills DO IT PLEASE
    “IT IS NOT OUR ABILITIES THAT SHOW WHAT WE TRULY ARE: IT IS OUR CHOICES” “though no one can go back and make a brand new start,anyone CAN START FROM NOW AND MAKE A BRAND NEW ENDING”(CARL BIRD)

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