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

Tuesday, July 19--Today, the US House is debating and voting on the Cut Cap Balance Act, H.R.2560. We need to pass this bill, so we can stop the McConnell-Reid "Cut Run & Hide" automatic debt hike plan and avert a debt collapse. CALL NOW!

FreedomWorks' Dean Clancy explains why President Obama's Aug. 2 "deadline" simply isn't the end of the world. 

President Obama's various dire predictions won't happen on Aug. 2nd. And I can prove it. (The following was published this morning at redstate.com.)  Washington is currently borrowing about 43 cents out of every dollar it spends, and is close to maxing out its credit limit. Current law says Uncle Sam cannot borrow more than $14.3 trillion.

Next Tuesday, the House will vote on the "Cut Cap Balance" Act (H.R.2560) vs. the McConnell-Reid-Pelosi "Cut Run & Hide" bill. FreedomWorks' Max Pappas & Dean Clancy explain what you can do NOW: View the video