We haven’t seen a budget this detailed from ANY candidate for office, and certainly not from The White House.  More importantly, it makes a lot of sense!  Freedomworks released a lengthy plan to right the country on a successful economic path yesterday and presented it to Congress.  In a way, the Tea Party Debt Commission’s 36 page plan shames Congress into looking at a thoughtful way to reduce spending, stop piling up debt, and return America to an agenda of personal responsibility.

The plan wastes no time, and you might not like the features which include doing away with Student Loans, Farm Subsidies and ALL Foreign Aid!  But it does cut back spending so deep that the budget is balanced in FOUR years.  Certainly, no one will miss the Department of Education, EPA, HUD, and a few other cubicle-rich office buildings in Washington, suggested for elimination.  Take a look at the Tea Party priorities:

“We offer a bold — but, we believe, feasible — plan that:

-Cuts, caps, and balances federal spending.

-Balances the budget in four years, and keeps it balanced, without tax hikes. Closes an historically large budget gap, equal to almost one-tenth of our economy.

-Reduces federal spending by $9.7 trillion over the next 10 years, as opposed to the President’s

plan to increase spending by $2.3 trillion.

-Shrinks the federal government from 24 percent of GDP — a level exceeded only in World War II

to about 16 percent, in line with the postwar norm.

-Stops the growth of the debt, and begins paying it down, with a goal of eliminating it within this

generation.

-To achieve these goals, our plan, among other things:

-Repeals ObamaCare in toto.

-Eliminates four Cabinet agencies — Energy, Education, Commerce, and HUD — and reduces or

privatizes many others, including EPA, TSA, Fannie Mae, and Freddie Mac.

-Ends farm subsidies, government student loans, and foreign aid to countries that don’t support us

… luxuries we can no longer afford.

– Saves Social Security and greatly improves future benefits by shifting ownership and control from

government to individuals, through new SMART Accounts.

-Gives Medicare seniors the right to opt into the Congressional health care plan.

– Suspends pension contributions and COLAs for Members of Congress, whenever the budget is in deficit.

In short, the Tea Party Budget enables us to end chronic deficits and pay down debt, while moving us back

toward the kind of limited, constitutional government intended by our Founding Fathers.

And it does all this without raising taxes. In fact, we make the so-called Bush tax cuts, and other expiring

tax relief provisions, permanent.

With these reforms, we can unburden the productive sector and get back to robust economic growth and

rising living standards for all.

Seniors will certainly like the ending of partaking of the luxurious congressional health care plan!  There’s more:

“The irony is that if the Super Committee succeeds, it will reduce spending by about $1.2 trillion over the next decade, from a steeply rising baseline. Our plan, by contrast, would reduce spending by eight times that amount, $9.7 trillion. Or to put it in percentage terms, assuming they meet their full charge without gimmicks or double-counting, the Super Committee plan would slightly reduce ten-year spending from $44 trillion to $43 trillion, a 2.3 percent trim. Our plan would reduce ten-year spending from $44 trillion to $34 trillion, a 23 percent reduction. And more important, we would stop the debt.”

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Filed under: Economy, Featured, Inside The KC, Politics, Uncategorized by Sonja Eddings Brown, Nov 18, 2011