The Coalition to Reduce Spending was founded earlier this year with the mission to research and advocate for reduced federal spending and a balanced budget. The fiscally conservative advocacy group is new in town, with a pledge of their own for candidates for public office:

I, ____________________, recognize that the national debt and unsustainable level of government spending pose a critical threat to the prosperity and security of the United States.

Therefore, I pledge to the citizens of my state and to the American people that, except when related to a congressional authorization of force, I will:

ONE, not vote for any budget that is not balanced nor for any appropriations bill that increases total spending; and

TWO, consider all spending open for reduction, and not vote to authorize or fund new programs without offsetting cuts in other programs; and

THREE, not vote to increase borrowing or the debt ceiling.

Signed: ____________________

The coalition president Jonathan Bydlak and board of advisors member Peter Schiff joined 'Wilkow!' Thursday to discuss the Fiscal Cliff, the scope of our long-term financial and entitlement problems, and how Republicans are neglecting the ability of the Federal Reserve and Treasury to borrow more and more to finance massive spending.