The State Column
July 12, 2011
Rep. Ron Paul (R-Tex.), a candidate for the Republican presidential nomination, has called on his supporters to block a potential debt ceiling compromise that may be on the table as President Obama meets with Congressional leaders today to discuss tax hikes and spending cuts. Paul, who is a signatory to the “Cut, Cap, BalanceŁ pledge, is concerned that Republicans will bow to pressure from the Democrats to raise taxes and pursue milder spending cuts.
Paul, and the seven other GOP candidates who are signatories to the “Cut, Cap, BalanceŁ pledge, believe that several preconditions must be met before the debt ceiling is raised. The signatories of this pledge want federal spending to be cut and capped and they want the federal budget to be balanced. Paul and his colleagues hope that achieving this set of preconditions will eventually make it no longer necessary to raise the nation’s $14.3 trillion debt ceiling.
Paul is concerned that if the Republicans agree to raise taxes, spending cuts will never be made. “The fact is, Republicans were put back in power during the last election to stop the runaway spending in Washington, D.C.önot to cut śdeals’ that increase taxes and spending,Ł said Paul.
Paul’s grassroots campaign to prevent a compromise on raising the debt ceiling is being publicized using a variety of different media formats. According to his official campaign website, Paul has asked his supporters to contact their Senators and Representatives to express their distaste for a debt ceiling plan that contains tax increases and limited spending cuts. Paul will use email, social media, internet ads and TV to push his grassroots campaign.
Paul argued that “nothing is more important than mobilizing a grassroots army to stop this sellout of conservative principles by the Washington establishment of both parties.Ł Paul, who is a strong advocate of making serious cuts to federal spending, believes that the debt ceiling doesn’t need to be raised if the government limits its spending to services that are constitutionally mandated.
Obama and Congressional leaders must raise the debt ceiling by August 2nd or the U.S. will no longer be able to borrow enough money to pay its bills, warns U.S. Treasury Secretary Timothy Geithner.