Senator Tom Coburn (R-OK) has identified a number of federal federal programs that are duplicative and can be cut or consolidated. It only makes sense, if you’re family were in massive debt wouldn’t you cut unnecessary spending? Why the federal government isn’t doing what most American families are doing today is beyond belief. Instead, the democrats want to increase the national debt so they can continue spending our money.
Wall Street Journal: Mr. Coburn’s amendment would also rescind an estimated $100 billion in “unobligated balances.” This is money that was appropriated by Congress but has never been spent.
The built-in growth of federal entitlements alone will require that Congress lift the debt limit before too many months, and Mr. Coburn isn’t suggesting that the feds repudiate U.S. bills. But the debt-limit debate is a good opportunity to see if Democrats are serious when they claim to be horrified at budget deficits. Their new-old idea of a bipartisan deficit commission is nothing more than political symbolism to get Republican cover for the tax increases that Democrats prefer over spending restraint.
The debate is also a test for the Republican Old Guard, some of whom dislike spending cuts nearly as much as Democrats do. If Republicans want to give voters a fiscal choice this autumn, they’ll rally behind Mr. Coburn’s amendment.
I shudder when I think of the tax increases they’ll need to impose to pay of this debt. The first thing that comes to mind is the value added tax. If you think the economy is bad now, just wait until the deficit commission gets started.
When you spend a ton of money, put your family deeply into debt, go broke, the thing to do is set up a committee to tell you to steal the money from somebody else so that you can continue the bad policies that caused the problem. Don’t stop the foolish spending. It might make sense.to do that.
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