My Primary Opponent’s Budget "Plan"

Submitted by kvaughn on Thu, 05/31/2012 - 01:00

After more than a year on the campaign t= rail, my primary opponent has finally explained how he wants to cut government spending:

With 48 cents of every dollar the federal government plans to spend next year going to a so-called 'entitlement', I recall what the famous outlaw, Willie Sutton, answered when asked why he robbed banks:  "Because that's where the money is!"  Six cents of each dollar will go to paying the interest on the national debt, 27 cents will pay for national security related expenditures, and the remaining 19 cents will be used for everything else the federal government does.  

We can absolutely find some savings within the latter, but significant entitlement reform will be required to make a serious dent in our deficit and national debt.  We should not go after retirees and near-retirees, but rather restructure the system for future generations who would virtually lose all benefits when the programs collapse.

After highlighting how much money is spent on entitlements he fails to identify a single cut that he is willing to make today. Instead, his proposal is to have the "future generations” pay for all of our spending!

I find that proposal to be fundamentally immoral.

There is a better way. It starts by resolving to live within our means. Just as when an overweight personpledges to get into shape, it’ll take work and require a change in lifestyle, but we can succeed, if we unite behind a common goal.

To achieve our goal, we must first define what that goal is. Our Congress needs to set a budgetary goal with measurable milestones. Just as President Kennedy pledged to put a man on the moonwithin a decade, we need to rally behind a goal of returning our debt to a sustainable level within 12 years. Once we know what our goal is, we can then develop a year-by-year debt plan showing how we will get there. Our Congress should then raise or lower the debt ceiling based on this plan. This will put real constraints on our budget.

Whoever wins this congressional race will be only one voice out of 435 in the House. That person will need to work with others in Congress to get things done; as a result, it is impossible to predict what the detailed spending and tax policies might look like at the end of the process. However, common sense tells us that virtually every program will have to contribute to the solution. History has shown thatit is unlikely that federal revenues will exceed 19% of our economy, regardless of what our tax policies are. That means we will need to cut federal spending by about a third if we are to be responsible. This will not be easy but my website provides a sample budget that describes what this might look like.

My question to you is: Would you rather have your representative join with the current majority from both parties in stealing from our children’s future, or would you prefer to have your representative lead the way towards a more responsible budget?

I will lead.

In Liberty,