June 1, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement of support of House Republicans after they emerged from their meeting at the White House on increasing the $14.294 trillion national debt ceiling:
"Barack Obama asked for a so-called 'clean' vote on a $2.4 trillion increase in the national debt, and he got it. It was overwhelmingly defeated 318 to 97. Now, the serious discussion must begin on how to cut trillions of dollars out the budget as House Speaker John Boehner has promised in exchange for any increase in the nation's borrowing limit. House Republicans are to be applauded for standing up to Obama, following through on their commitment to the American people, and now they must hold firm.
"The Obama Administration will likely hold out until the eleventh hour in this high stakes game of chicken on the debt ceiling. The nation cannot afford for House Republicans to flinch. Increasing the debt ceiling without trillions of cuts would make it clear that Washington does not take the sovereign debt crisis here seriously, and does not care if it endangers the future prosperity of our children and grandchildren. Now is the time to rein in the explosion of borrowing and spending in Washington, before the $14.3 trillion debt gets so large that it cannot be refinanced, let alone repaid."