July 7, 2011, Sante Fe, NM – Presidential Candidate Gary Johnson today signed the Cut, Cap and Balance pledge, which opposes raising the debt ceiling unless certain conditions are met including substantial spending cuts, enforceable spending caps and passage of the Balance Budget Amendment to the U.S. Constitution.
Signing the pledge Governor Johnson said, “With the debt limit deadline approaching quickly, signing this pledge is an easy decision. It’s easy because it represents the minimum Congress and the Administration should do before even considering the approval of more borrowing.
“Frankly, my only hesitation in signing it is that it doesn’t demand enough – quickly enough,” Johnson said. “We can balance the budget now, and if it takes a debt limit hammer to make it happen, then so be it. The alternative is once again postponing our financial reckoning, and we have had enough postponements already.”
The Cut, Cap and Balance pledge originated from a coalition made up of over 60 conservative and 133 tea party groups, including Let Freedom Ring, 60 Plus Association, FreedomWorks, Americans for Prosperity, and the Tea Party Express.