UPDATED 10:00 AM - JUNE 1, 2011

A DEBT LIMIT INCREASE WITHOUT SIGNIFICANT SPENDING CUTS & BUDGET

REFORMS WILL DESTROY AMERICAN JOBS

An increase in the national debt limit that is not accompanied by significant spending cuts and
budget reforms to address our government’s spending addiction will harm private-sector job
creation in America. It is critical that any debt limit legislation enacted by Congress include
spending cuts and reforms that are greater than the accompanying increase in debt authority
being granted to the president. We will not succeed in balancing the federal budget and
overcoming the challenges of our debt until we succeed in committing ourselves to government
policies that allow our economy to grow. An increase in the national debt limit that is not
accompanied by significant spending cuts and budget reforms would harm private-sector job
growth and represent a tremendous setback in the effort to deal with our national debt.

Ryan C. Amacher Charles W. Baird

University of Texas at Arlington California State University, East Bay

Michael Applegate Bruce Bender

Oklahoma State University University of Wisconsin-Milwaukee

King Banaian Donald R. Booth

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Barton College Randolph-Macon College

Scott Bradford David P. Brown

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Phillip J. Bryson Todd G. Buchholz

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Oral Capps Jr. Samantha Carrington

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James E. Carter Don Chance

Emerson Electric Co. Louisiana State University

Robert E. Chatfield Candice Clark

University of Nevada, Las Vegas Economic Consultant

Kenneth W. Clarkson R. Morris Coats

University of Miami Nicholls State University

John P. Cochran John F. Cogan

Metropolitan State College of Denver Hoover Institution
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Robert Collinge Cathleen J. Coolidge

University of Texas at San Antonio California State University, Chico

Kathleen B. Cooper Mike Cosgrove

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Nicole Crain Clyde Wayne Crews, Jr.

Lafayette University Competitive Enterprise Institute

Robert Crouch Robert Dammon

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Coldwell Daniel, III Antony Davies

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J. Ronnie Davis Stephen J. Dempsey

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Ted Day Phoebus J. Dhrymes

University of Texas at Dallas Columbia University

Arthur T. Denzau Floyd H. Duncan

Claremont Graduate University Virginia Military Institute

Nasser Duella John Eckalbar

California State University, Fullerton California State University

Joseph W. Duncan John B. Egger

Private Consultant on Information Policy Towson University

Frank Egan Dino Falaschetti

Trinity College Florida State Law

Dorla A. Evans Michelle Michot Foss

University of Alabama –Huntsville University of Texas

Frank Falero Michele Fratianni

California State University Indiana University

Layton W. Franko Delworth B. Gardner

Queens College Brigham Young University

Diana Furchtgott-Roth James R. Garven

Hudson Institute Baylor University

Dave Garthoff Robert Genetski

The University of Akron - Akron, Ohio classicalprinciples.com

Gerald Gay Micha Gisser

Georgia State University University of New Mexico
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Joseph A. Giacalone Lawrence Goodman

St. John’s University, NY Center for Financial Stability, Inc.

David Gillette Ed Graham

Truman State University University of North Carolina at Wilmington

Marvin Goodfriend Paul Gregory

Carnegie Mellon University University of Houston

Richard L. Gordon Dennis Halcoussis

The Pennsylvania State University California State University, Northridge

Richard J. Grant Stephen Happel

Lipscomb University Arizona State University

Earl L. Grinols Kevin Hassett

Baylor University American Enterprise Institute

Eric A. Hanushek Bob Heidt

Hoover Institution Indiana University - Bloomington

Joseph H. Haslag John P. Hoehn

University of Missouri Michigan State University

Joel Hay C. Thomas Howard

University of Southern California University of Denver

David R. Henderson F. Owen Irvine

Hoover Institution Michigan State University

Douglas Holtz-Eakin Joseph M. Jadlow

American Action Forum Oklahoma State University

Chris Inama Ryan S. Johnson

Golden State University BYU-Idaho

Stephen Jackstadt June O’Neill

University of Alaska Anchorage Baruch College, CUNY

Gerald R. Jensen Marek Kolar

Northern Illinois University Trine University

Jerry L. Jordan Corinne Krupp

Pacific Academy for Advance Studies Duke University

Alexander Katkov Norman Lefton

Johnson & Wales University Southern Illinois University, Edwardsville

Richard LaNear Larry Lindsey

Missouri Southern State University The Lindsey Group
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Jane Lillydahl Glenn MacDonald

University of Colorado at Boulder Washington University in St. Louis

R. Ashley Lyman Yuri N. Maltsev

University of Idaho Carthage College

David Malpass Michael L. Marlow

Encima Global California Polytechnic State University

Henry Manne Martin C. McGuire

George Mason University University of California-Irvine

Timothy Mathews Allan Meltzer

Kennesaw State University Carnegie Mellon University

Roger Meiners Thomas P. Miller

University of Texas-Arlington American Enterprise Institute

James C. Miller III James Moncur

Hoover Institution University of Hawaii at Manoa

Ed Miseta Robert Mundell

Penn State Erie, The Behrend College Nobel Laureate in Economics, 1999

Andrew P. Morriss Richard F. Muth

University of Alabama, Tuscaloosa Emory University

John E. Murray Robert D. Niehaus

University of Toledo Robert D. Niehaus, Inc.

George R. Neumann Lee E. Ohanian

University of Iowa University of California, Los Angelas

Seth W. Norton Stephen T. Parente

Wheaton College University of Minnesota

James B. O’Neill G. Michael Phillips

University of Delaware California State University, Northridge

Svetozar Pejovich William Poole

Texas A&M University University of Delaware

Ivan Pongracic, Jr. Ronald L. Promboin

Hillsdale College University of Maryland University College

John A. Powers James B. Ramsey

University of Cincinnati New York University

Richard W. Rahn Thomas A. Rhee

Cato Institute California State University, Long Beach
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R. David Ranson Paul H. Rubin

H.C. Wainwright & Co. Economics Inc. Emory University

Christine P. Ries Gary J. Santoni

Georgia Institute of Technology Ball State University

Thomas Carl Rustici Robert Haney Scott

George Mason University California State University, Chico

Thomas R. Saving William F. Shughart II

Texas A&M University The University of Mississippi

Judy Shelton Timothy F. Slaper

Atlas Economic Research Foundation Indiana University

George P. Shultz Vernon Smith

Hoover Institution Chapman University School of Law

James F. Smith Lawrence Southwick

EconForecaster, LLC University at Buffalo

Houston H. Stokes Brian Strow

University of Illinois at Chicago Western Kentucky University

Avanidhar Subrahmanyam (Subra) Richard J. Sweeney

University of California, Los Angeles Georgetown University

Robert Tamura John B. Taylor

Clemson University Hoover Institution

Clifford F. Thies Stephen A. Tolbert, Jr.

Shenandoah University Montgomery County Community College (PA)

Leo Troy David G Tuerk

Rutgers University-Newark Suffolk University

George Viksnins Richard Vedder

Georgetown University Ohio University

James P. Weston Sherri L. Wall

Rice University University of Alaska Fairbanks

Michael E. Williams J. Gregg Whittaker

University of Denver William and Jewell College

Michael Wohlgenant D. Mark Wilson

North Carolina State University Applied Economic Strategies

Gene C. Wunder Gary Wolfram

Washburn University Hillsdale College
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Benjamin Zycher Joseph Zoric

Pacific Research Institute Franciscan University of Steubenville