Fiscally Conservative Spending
The government is so large that the activities of hundreds of federal agencies are beyond the knowledge and understanding of most citizens. The government has also become too large for our representatives in Congress to adequately oversee and control. It is imperative for lawmakers to get the nation’s finances in order immediately by applying a fiscally conservative approach to federal spending and restructuring entitlement programs. Putting off the difficult decisions until the federal budget’s condition deteriorates further will result in much harsher and more expensive policy choices.
Our national debt has skyrocketed from $5.7 trillion in 2001 when George W. Bush took office, to now over $16 trillion. That’s almost a 200% in new debt! As a percentage of GDP, our federal debt is now over 100% and still climbing. Congress needs to enact pro-growth entitlement reform to arrest this reckless growth in borrowing, and it needs to do it now.
- Freeze discretionary spending.
- Rein in runaway entitlement spending.
- Reform the US federal budget process with a Balanced Budget Amendment
- Identify programs in the budget that can be cut, terminated, transferred to the states, or privatized.