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Tea Party Budget

Tea Party Budget

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Published by kpally4491
A Comprehensive Ten-Year Plan to Stop the Debt, Shrink the Government, and Save Our Country
A Comprehensive Ten-Year Plan to Stop the Debt, Shrink the Government, and Save Our Country

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Published by: kpally4491 on Nov 16, 2011
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10/31/2012

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The Tea Party Budget
AComprehensiveTen-YearPlantoStoptheDebt,ShrinktheGovernment,andSaveOurCountryFindingsandRecommendationsoftheTeaPartyDebtCommissionDeliveredtoCongressNovember17,2011Washington,D.C.
 
 
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 "The American Republic will endure until the day Congress discoversthat it can bribe the public with the public's money." 
 Alexis de Tocqueville, 1840
Summary: Everyone Benefits
he critics say the tea party is “all hat and no cattle” — that we have lots of talk, but no plan. Well,that’s about to change.Imagine a reform plan that makes dramatic moves toward restoring limited, constitutional government.Imagine a plan that slows the numbers on the National Debt Clock to a crawl, and then brings them to ahalt, and then shifts them into reverse.Imagine a plan that cuts, caps, and balances federal spending without raising taxes; that gives futuregenerations control over their own retirement security; and that lifts the massive debt burden from ourchildren’s shoulders so they can know the American dream of ever-higher freedom and prosperity. And on top of all that, imagine that it’s a serious, credible, plan generated by the grassroots.This is that plan. We call it the Tea Party Budget. Of course, we realize that the tea party is a broad, spontaneous popularmovement, without leaders or formal organization — so we won’t presume to speak for anybody butourselves. But if any plan offered to date has a fair claim to the “tea party” label, we think this is it.Four months in the making, this plan is the product of countless suggestions and comments fromthousands of local citizen-activists across the country and voting by tens of thousands more online. Unlikeother budget plans produced in Washington cubicles and quickly forgotten, this plan represents amilestone because it reflects real grassroots input.
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 The plan’s virtues are those of America herself: optimistic, practical, and bold.The contrast with President Obama’s budget plan could not be starker. His plan was unanimously rejectedearlier this year by the United States Senate, for good reason. It offered neither hope nor change. Instead,it would have saddled our children with more spending, taxes, and debt — more economic stagnation,unemployment, and decay.

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Our sincere thanks to the good folks at FreedomWorks for facilitating our work.

 
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 We emphatically reject that vision for our future.Instead, we offer a bold — but, we believe, feasible — plan that:
ü
 
“Cuts, caps, and balances” federal spending.
ü
 
Balances the budget in four years, and keeps it balanced, without tax hikes.
ü
 
Closes an historically large budget gap, equal to almost one-tenth of our economy.
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Reduces federal spending by $9.7 trillion over the next 10 years, as opposed to the President’splan to
increase
spending by $2.3 trillion.
ü
 
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.
ü
 
Stops the growth of the debt, and begins paying it down, with a goal of eliminating it within thisgeneration.To achieve these goals, our plan, among other things:
ü
 
Repeals ObamaCare in toto.
ü
 
Eliminates four Cabinet agencies — Energy, Education, Commerce, and HUD — and reduces orprivatizes many others, including EPA, TSA, Fannie Mae, and Freddie Mac.
ü
 
Ends farm subsidies, government student loans, and foreign aid to countries that don’t support us— luxuries we can no longer afford.
ü
 
Saves Social Security and greatly improves future benefits by shifting ownership and control fromgovernment to individuals, through new SMART Accounts.
ü
 
Gives Medicare seniors the right to opt into the Congressional health care plan.
ü
 
Suspends pension contributions and COLAs for Members of Congress, whenever the budget is indeficit.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 expiringtax relief provisions, permanent. With these reforms, we can unburden the productive sector and get back to robust economic growth andrising living standards for all. With this plan,
everyone
benefits.

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