With the Obama administration’s phony debt-limit deadline just five days away, all eyes remain fixed on the ongoing debate in Washington. Per usual, nearly all members of the party in power support raising the debt ceiling with no strings attached while most in the minority party do not. The debt ceiling has been raised ten times in just the past decade with both parties playing political games.

[Click here for a PDF version of this document.] The House is slated to vote on the Boehner debt-ceiling plan today, July 28, 2011. FreedomWorks and a broad coalition of fiscal conservatives strongly oppose the plan and need your help to stop it. 

FACT: If enacted, the Boehner "debt & tax hike" plan would not avert a downgrade of US government debt (which would drive up interest rates). 

Breaking: The massive Cut Cap Balance coalition, representing millions of fiscally conservative Americans, has just issued the following statement in strong opposition to the Boehner "debt & tax hike" plan.  (At presstime, we have not received the complete list of all the groups that have signed this message; but we will do so ASAP.)

Dear FreedomWorks member, As one of our million-plus FreedomWorks members nationwide, I urge you to contact your Representative and ask him or her to vote NO on Speaker Boehner’s new debt ceiling plan. While we applaud House leadership for passing the Cut, Cap and Balance Act last week, we do not support Speaker Boehner’s new compromise, which violates the Cut, Cap and Balance Pledge because it neither cuts nor caps nor balances federal spending.

Here is an "instant analysis" of Speaker Boehner's new debt ceiling bill, which was released late last night and is slated to be voted on in the House tomorrow. The short version is that the bill not only violates the Cut Cap Balance Pledge*, it doesn't even "reflect the 'spirit' of Cut Cap Balance," as House leaders claim, because it neither cuts nor caps nor balances federal spending. And it creates an opening for Washington to raise taxes next year.  More specifically, the bill:

In an attempt to kill the House-passed "Cut Cap Balance" Act (H.R.2560), the Senate Democratic leader, Harry Reid, has scheduled a surprise procedural vote on the bill. The vote is slated to occur Friday, July 22, at 10:30 a.m. Eastern. TAKE ACTION: Call key Senators and tell them to vote NO on the motion to table the Cut Cap Balance Act!

Victory in the House! Thanks to your efforts, a bipartisan coalition passed the Cut Cap Balance Act (H.R.2560) tonight! The bill now moves to the Senate, which may vote as soon as Saturday 7/23. Keep those calls coming! TAKE ACTION: Tell your Senator to vote YES on the Cut Cap Balance Act! Here's how Congressmen voted