Late last week, Congress reached a deal to keep the federal government funded until the current fiscal year ends on September 30th. When it is passed, the lengthy headache caused when the previous Nancy Pelosi-led Congress failed to pass a budget for this year will finally be over.
The deal also contains $38.5 billion in spending cuts. That’s the largest spending cut in American history, and it officially slams the brakes on the “stimulus spending binge” of recent years (which doesn’t seem to have stimulated much of anything beyond our national debt).
It’s a good start, but there’s much more work to do. When we’re facing a $1.6 trillion dollar federal deficit, trimming spending by $38.5 billion is barely a drop bucket. We need to cut trillions of dollars, not billions. And that’s where the new GOP budget enters the scene. The House Budget Committee, which I serve on, unveiled our spending plan for Fiscal Year 2012, which starts on October 1st. Where the Pelosi Congress failed to provide leadership, we delivered — and we delivered the major spending cuts that Granite Staters are rightfully demanding.
Congress now gets to choose between two very different spending plans, President Obama’s and ours. When you stack the two side by side and compare them, you see a stark difference.
Our budget, called the Path to Prosperity, takes a machete to spending and sends it spiraling downward. It cuts a whopping $6.2 trillion over a decade compared to the Obama budget,…
The Granite State Fair Tax Coalition, discovering that it’s "percentage of income model" argument against property taxes really applies to all things, and that lower income people pay a higher percentage of their income on everything, (a problem resolved through hard work and perseverance to which we apparently do not have a right) has announced that it is looking for a way to make "Rich BastardsTM" pay more for everything.