The national debt and the unrestrained growth of government spending are among the greatest threats to our nation’s future. Each year, the federal government spends more and more of your dollars on corporate handouts, pork-barrel projects, welfare programs and out of control entitlements. Unless something is done, interest payments on the debt alone will consume the entire budget by the year 2050. Taxpayers can no longer afford this. We need to cut spending and balance the budget before it’s too late.
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WASHINGTON, D.C. -- In response to the report that the U.S. economy added 263,000 jobs in the month of April, 2019, John Tamny, FreedomWorks Director of the Center for Economic Freedom (CEF), commented:
WASHINGTON, D.C. -- In response to the House Republican Study Committee’s release of its Fiscal Year 2020 Budget, “Preserving American Freedom,” Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented:
Remember a few months back, when the so-called experts in the room warned us that the partial government shutdown would ruin the economy? Boy, were they wrong.
WASHINGTON, D.C. -- FreedomWorks Foundation today releases its booklet, Entitlement Reform: A Growing National Emergency, in response to the record $22 trillion national debt, with mandatory entitlement spending and interest on the debt being the primary drivers. Congressional Democrats continue to pay no heed to the problem, as evidenced by their repeated proposals to expand entitlement programs.
Senate Majority Leader Mitch McConnell, R-Ky., recently told reporters he had spoken with Speaker Nancy Pelosi, D-Calif., about a potential deal to increase the discretionary spending caps for fiscal years 2020 and 2021. House and Senate Republicans should reject any such deal unless it includes meaningful and immediate mandatory spending cuts.
The United States is on a fiscal collision course. Decades of unfunded entitlement promises, demographic changes, and a dysfunctional political process combine to drive the federal budget deep into debt. This poses a threat to the American economy and prosperity. According to projections by the nonpartisan Congressional Budget Office, public debt is projected to approach 100 percent of gross domestic product in the next 10 years and will continue growing on a rapid upward trajectory from that point.
WASHINGTON, D.C. -- FreedomWorks along with a coalition of conservative organizations, today issues a letter urging Congress to oppose legislation that would exceed the spending caps established in the 2011 Budget Control Act for either FY 2020 or 2021. Should Congress decide to exceed the 2011 spending caps, it would be the fifth time it has done so.
On Monday, FreedomWorks sent a coalition letter to Senate Majority Mitch McConnell (R-Ky.) and House Minority Kevin McCarthy (R-Calif.) urging them not to agree to deal that would bust the discretionary spending caps. Signers to the letter include Adam Brandon of FreedomWorks, Jonathan Bydlak of the Coalition to Reduce Spending, Grover Norquist of Americans for Tax Reform, Pete Sepp of the National Taxpayers Union, and David McIntosh of the Club for Growth. The text of the letter is below and a PDF of the letter and the signers can be found here.
Since Democrats took control of the House, there has been no shortage of bad legislation that has either been pushed through the lower chamber or advocated by progressives. Democrats were set to consider yet another “caps deal” to bust its own spending maximums set under the Budget Control Act. The Democratic leadership has pulled it from the schedule as progressives and moderates in the party disagree on spending levels. Progressives, of course, want more spending on domestic programs.
WASHINGTON, D.C. -- In response to CMS’s release of its 2019 Medicare Trustees Report this afternoon that confirms the desolate state of our nation’s entitlement spending, Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented:
The National Debt has doubled in just the past 5 years. It's projected to triple over the next 10 years. Washington is now borrowing 40 cents of every dollar it spends.
