In testimony before the House Budget Committee, former Director of the nonpartisan Congressional
Budget Office (CBO) Douglas Holtz-Eakin said “cutting spending is a pro-growth policy move,” and that“controlling federal spending growth” is essential to help create new jobs.
When it comes to helping the economy, a Democratic polling firm found that independents prefer“reducing the deficit through spending cuts” to tax hikes by a margin of 50 – 39 percent.
THE GOP BUDGET WILL CUT SPENDING & PUT US ON A PATH TO PAY DOWN OUR DEBT
: The Path toProsperity cuts government spending by $6.2 trillion over the next decade. The nonpartisan CongressionalBudget Office (CBO) confirms that the GOP plan balances the budget and puts us on a path to pay down ourdebt over time.
It also eliminates hundreds of duplicative government programs, maintains the Republicanban on pork-barrel earmarks, and ends the taxpayer bailouts of financial institutions (including Fannie Mae andFreddie Mac, the government mortgage giants at the heart of our economic crisis).
Alan Simpson and Erskine Bowles – co-chairmen of President Obama’s deficit commission – said the GOPbudget “incorporates many of the proposals included in the Commission report,” and “is a serious, honest,straightforward approach to addressing our nation's enormous fiscal challenges.”
The president’s budget locks in the failed “stimulus” spending binge and adds more than $9 trillion to thedebt over the next 10 years. Stanford economist John B. Taylor says federal spending was 18.2% of GDP in
the year 2000 and 19.6% in 2007. “But in the three years since 2009 it's jumped to an average of 24.4%,”and the president's budget “proposed to make that spending binge permanent.”
President Obama has also asked Congress to raise the debt limit without serious spending cuts or budgetreforms. A new survey by Resurgent Republic found that “voters overwhelmingly oppose increasing the
debt limit unless strong conditions” and “substantial spending cuts” are attached.
A recent CNN survey shows that – when “dealing with the tough choices involved both in cutting programs
to reduce the budget deficit and still maintaining needed federal programs” – independents prefer theRepublican approach by a margin of 49 – 34 percent.
THE GOP BUDGET WILL PROTECT & PRESERVE CRITICAL HEALTH & RETIREMENT PROGRAMS
: Under The Pathto Prosperity, there will be no changes and no disruptions to benefits for Americans over the age of 55, andfuture beneficiaries will have access to the same kinds of options as Members of Congress. The GOP budgetensures that lower-income Americans get more support and that the costs of junk lawsuits are not passed onto consumers in the form of higher prices. It stops Washington from raiding Medicare to pay for other costlyprograms and eliminates the Independent Payment Advisory Board (IPAB), a “rationing board” created byObamaCare. It also ends the one-size-fits-all approach of Medicaid and gives states more flexibility to meet theneeds of their residents. Bottom line: this plan saves programs like Medicare for current and futuregenerations of Americans.
The president’s budget does nothing, guaranteeing benefit cuts for seniors. FactCheck.org reported that “if
nothing is done, when those trust funds are exhausted, benefits would have to be cut by 22 percent in