251 Organizations Urge the House to Raise the Debt Limit | United States Debt Ceiling | The United States

Please download to get full document.

View again

of 7
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Document Description
The undersigned 251 organizations urge the House of Representatives and the United States Senate to pass a Continuing Resolution to ensure the uninterrupted funding of the federal government into the next fiscal year and to act expeditiously to raise the nation’s debt limit.
Document Share
Document Tags
Document Transcript
  September 30, 2013TO THE MEMBERS OF THE U.S. CONGRESS:The undersigned 251 organizations urge the House of Representatives and the United StatesSenate to pass a Continuing Resolution to ensure the uninterrupted funding of the federalgovernment into the next fiscal year and to act expeditiously to raise the nation’s debt limit.We appreciate fully the importance of restraining federal spending, both discretionary spendingand mandatory spending, to reduce federal budget deficits, contain the growth of federal debt,and thereby re-establish fiscal discipline in the near-term and for the long haul. However, withthe U.S. economy continuing to underperform, the federal government needs to maintain itsnormal operations pending a successful outcome of broader budgetary reforms. It is not in the best interest of the employers, employees or the American people to risk a government shutdownthat will be economically disruptive and create even more uncertainties for the U.S. economy.Likewise, we respectfully urge the Congress to raise the debt ceiling in a timely manner andremove any threat to the full faith and credit of the United States government.However, entitlement spending remains the main driver of these deficits and high debt levels andmust be addressed. Today we spend $1.6 trillion on just three of the nation’s entitlement programs – Social Security, Medicare and Medicaid. In 10 years, the total price for these programs will soar to $3 trillion.Spending on entitlement programs and interest on the debt currently represent 65% of totalgovernment outlays and already exceed all federal income tax revenues collected. In 10 shortyears these payments are projected to reach 76% of government spending. During this decadeand the next without reform, entitlement spending will rise more rapidly as the number of Americans 65 and older will jump by 70% while those of working age will increase by less than7%. The biggest threat imaginable to our entitlement programs is to do nothing at all.As the Congressional Budget Office (CBO) just reported (September 12):  “Historical and  projected growth of federal spending relative to the size of the economycan be attributed almost entirely to growth in spending for a few large programs— namely, Social Security and the major health care programs.”  “The fundamental federal budgetary challenge has hardly been addressed.”  “The largest federal programs are becoming much more expensive because of theretirement of the baby boomers and the rising costs of health care.”Congress cannot continue “kicking the can down the road;” it’s time to take corrective action toaddress the unaffordable path of entitlement spending, to stabilize federal finances and toundertake fundamental tax reform to strengthen the American economy.We urge the Congress to act promptly to pass a Continuing Resolution to fund the governmentand to raise the debt ceiling, and then to return to work on these other vital issues.  Aeronautical Repair Station AssociationAgricultural Retailers AssociationAir Conditioning Contractors of AmericaAir-Conditioning, Heating, and Refrigeration InstituteAirlines for AmericaAirports Council International - North AmericaAmerican Apparel & Footwear AssociationAmerican Beverage AssociationAmerican Coatings AssociationAmerican Concrete Pressure Pipe AssociationAmerican Council of Engineering CompaniesAmerican Farm Bureau FederationAmerican Forest & Paper AssociationAmerican Gas AssociationAmerican Hotel & Lodging AssociationAmerican Insurance AssociationAmerican International Automobile Dealers AssociationAmerican Iron and Steel InstituteAmerican Land Title AssociationAmerican Rental AssociationAmerican Road & Transportation Builders AssociationAmerican Supply AssociationAmerican Trucking AssociationsAMT - The Association For Manufacturing TechnologyArizona Chamber of Commerce and IndustryArizona Small Business AssociationArkansas State Chamber of Commerce/Associated Industries of ArkansasArlington Chamber of Commerce – TXAssociated Equipment DistributorsAssociated General Contractors of AmericaAssociated Oregon IndustriesAssociation Forum of Chicagoland – ILAssociation of Equipment ManufacturersAssociation of Home Appliance ManufacturersAssociation of Washington BusinessAurora Regional Chamber of Commerce – ILAustin Area Chamber of Commerce – TXAustin Chamber of Commerce – TXAutomotive Aftermarket Industry AssociationBaltimore Washington Corridor Chamber – MDBarrow County Chamber of Commerce – GABatavia Chamber of Commerce – ILBismarck-Mandan Chamber of Commerce – NDBrainerd Lakes Chamber – MNBuckeye Valley Chamber of Commerce – AZBuffalo Niagara Partnership – NY  Building Owners and Managers Association (BOMA) InternationalBusiness Council of AlabamaBusiness RoundtableCabarrus Regional Chamber of Commerce – NCCalifornia Chamber of CommerceCalifornia Manufacturers & Technology AssociationCarolinas Food Industry CouncilCarpinteria Valley Chamber of Commerce – CACarson Valley Chamber of Commerce – NVCentral LA Chamber of Commerce – LAChamber of Commerce of Huntsville/Madison County – ALChamber of Commerce of the Mid-Ohio Valley – WVChamber Southwest LouisianaChambers of Commerce Alliance of Ventura & Santa Barbara Counties – CACharleston Metro Chamber of Commerce – SCChicago Southland Chamber of Commerce - ILChicagoland Chamber of Commerce – ILConnecticut Business & Industry AssociationConstruction Financial Management Association (CFMA)Construction Industry Round TableConsumer Bankers AssociationCorn Refiners AssociationCushing Chamber of Commerce & Industry – OK Dakota County Regional Chamber of Commerce – MNDallas Regional Chamber – TXDayton Area Chamber of Commerce – OHDC Chamber of CommerceDelaware State Chamber of CommerceDenver Metro Chamber of Commerce – CODestination Marketing Association InternationalEdison Electric InstituteElectronics Representatives AssociationErie Regional Chamber & Growth Partnership – PAFairfax County Chamber of Commerce – VAFairmont Area Chamber of Commerce – MNFall River Area Chamber of Commerce and Industry, Inc. – MAFashion Accessories Shippers AssociationFinancial Services ForumFlorida Chamber of CommerceFort Madison Partners – IAFremont Chamber of Commerce – CAFullerton Chamber of Commerce – CAGateway Regional Chamber of Commerce – NJGeorgia Chamber of CommerceGreater Albuquerque Chamber of Commerce – NMGreater Bakersfield Chamber of Commerce – CA  Greater Beaumont Chamber of Commerce – TXGreater Boca Raton Chamber of Commerce – FLGreater Des Moines Partnership – IAGreater Durham Chamber of Commerce – NCGreater El Paso Chamber of Commerce – TXGreater Homestead/Florida City Chamber of Commerce – FLGreater Iowa City Area Home Builders Association – IAGreater Irving-Las Colinas Chamber of Commerce – TXGreater Lehigh Valley Chamber of Commerce – PA & NJGreater North Dakota Chamber Greater Oak Brook Chamber of Commerce – ILGreater Oro Valley Chamber of Commerce – AZGreater Phoenix Chamber of Commerce – AZGreater Raleigh Chamber of Commerce – NCGreater Reading Chamber of Commerce & Industry – PAGreater Shreveport Chamber of Commerce – LAGreater Spokane Incorporated – WAGreater Topeka Chamber of Commerce – KSGuitar & Accessories Marketing Association (GAMA)Hanover Area Chamber of Commerce – PAHarrisburg Regional Chamber & CREDC – PAHilton Head Island-Bluffton Chamber of Commerce – SCHudson County Chamber of Commerce – NJIllinois Manufacturers' AssociationIndependent Electrical Contractors (IEC)Industrial Packaging Alliance of North AmericaIndustrial Supply AssociationInternational Dairy Foods AssociationInternational Foodservice Distributors AssociationInternational Franchise AssociationInternational Housewares AssociationInternational Warehouse Logistics AssociationInvestment Company InstituteIowa Association of Business and IndustryJoliet Region Chamber of Commerce & Industry – ILJunction City Area Chamber of Commerce – KSKalispell Chamber of Commerce – MTKansas Grain and Feed AssociationKentucky Chamber of CommerceKingsport Area Chamber of Commerce – TNLincoln Chamber of Commerce – NELittle Rock Regional Chamber of Commerce – AR Longview Chamber of Commerce – TXLos Angeles Area Chamber of Commerce – CALubbock Chamber of Commerce – TXManagement Association for Private Photogrammetric Surveyors (MAPPS)
Similar documents
View more...
Search Related
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!