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Blog

How the Treasury Will Address the Debt Ceiling

As part of the Bipartisan Budget Act of 2015 that was enacted in November of that year, the debt ceiling was suspended until March 15, 2017. As of March 16, 2017, the debt ceiling is now back in place, requiring Congress to take action to raise it by some time in Fall (likely October or November).

05/16/2017
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FreedomWorks’ Bill of the Month for May 2017: Debt Limit Control and Accountability Act, H.R. 1529

FreedomWorks is happy to announce that the Debt Limit Control and Accountability Act, H.R. 1529, introduced by Rep. Mark Sanford (R-S.C.) was selected as the Bill of the Month for May. The bill is co-sponsored by House Freedom Caucus Chairman Rep. Mark Meadows (R-N.C.) and was referred to the House Ways and Means Committee. It would put spending restrictions in place to hold our government accountable regarding financial decisions.

05/01/2017
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Op-ed Placement

Trump, Congress And The Debt Ceiling

The debt ceiling has been a source of contention between the legislative branch and the executive branch for years. As president, Donald Trump will have to work with Congress to raise or suspend the debt ceiling, which will be reached this summer because of the irresponsible spending and policies of presidents and Congresses past. With Trump as president, and Republicans controlling both the House and Senate, the opportunity exists to advance a conservative agenda while increasing the debt ceiling.

11/11/2016
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FreedomWorks Key Vote No on the Bipartisan Budget Act

As one of over 6.9 million FreedomWorks activists nationwide, I urge you to call your representative and senators and demand that they vote against the disastrous “Bipartisan Budget Act”. Because this bill not only spends well in excess of the budget caps but also suspends the debt ceiling without any major spending reforms, this vote will be weighted double on our Online Congressional Scorecard.

10/27/2015
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Here's Why the U.S. Can't Default

Tick-tock, the debt ceiling deadline is fast approaching, leading, as ever, to the fevered warnings of default from the advocates of endless spending in and around the Beltway. It can't be said often enough: default on the national debt isn't going to happen. In fact, it's all but impossible.

10/22/2015
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The Next Speaker Must Do Something about Spending

With Paul Ryan still sitting squarely on the fence about whether or not he will run for Speaker of the House, the Republican leadership elections still remain largely up in the air. There has so far been a troubling inability of the conference to identify a suitable candidate who embodies the values that are important to an open congressional process, and who could garner enough support to actually win the election.

10/20/2015
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Don’t Worry About Default

As the nation once again nears its borrowing limit, we are starting to see all the old talking points intended to bully representatives into unconditional support of incurring more debt.

10/20/2015
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Tell Your Representative: to Support the Default Prevention Act

As one of our more than 6.9 million FreedomWorks activists nationwide, I urge you to contact your representative today and ask him or her to support Representative Tom McClintock’s Default Prevention Act, H.R. 692. This simple, common-sense piece of legislation would remove any possibility of defaulting on our national debt in the event that we reach our statutory debt limit.

10/16/2015
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On Debt, the Ceiling Is Less Important Than What's Underneath

The ever-shifting horizon on when the federal government is scheduled to reach its borrowing limit has most recently been set at November 3rd, just days after John Boehner is scheduled to resign his office. What this means is that no new leadership will save us from yet another increase in the debt ceiling, although there will always be a principled few who will want to resist.

10/16/2015
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Hitting the Debt Ceiling Doesn't Mean Default

Treasury Secretary Jack Lew is reporting that Congress only have until November 5th before the federal government hits its borrowing limit, an earlier date than most analysts were predicting. This can be expected to prompt the perennial debate about the nation’s debt and what, if anything, can be done about it.

10/02/2015

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