The White House's wish almost came true last week. It was hoping most of us and even the mainstream media would miss the release of the Congressional Budget Office's preliminary report on the 2010 federal fiscal year. And most did.
The Wall Street Journal, however, exposed why the White House was being so secretive about its results: The CBO concluded that federal government spending has skyrocketed 21.4 percent in just the past two years since President Barack Obama took office!
The White House's actions remind me of President Ronald Reagan's words: "We could say they spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair because the sailors are spending their own money."
It's no new revelation that Washington has lost its way from our Founders' vision and fiscal frugality. But in the past two years, it has become a financial runaway train. And it is only we the people who can save it from completely derailing our country and all of us on board.
Last week, I discussed the first five steps to regain control of Washington's insane spending and rebuild America's economy. Though I encourage readers who didn't read it to do so to get the details, I will summarize the first five points before I move on to the last three.
First, Washington should immediately stop any thought, form or legislation that would lead to more federal borrowing or bailouts -- no exceptions.
Second, Washington should downsize the federal government by enacting tough spending caps and making across-the-board mandatory 10 percent cuts -- no exceptions.
Third, Washington should immediately revise the 2011 federal budget to align with those priority reductions and eliminate absolutely all earmarks -- no exceptions.
Fourth, Washington should engage in only non-debt-building actions and legislation that would immediately encourage Main Street and augment entrepreneurial incentives, including a commitment to never increase taxes for anyone for any reason but cut more taxes, which would provide immediate relief and increase revenues for everyone.
Fifth, Washington should discuss ways to encourage and equip interstate commerce and more collaboration among neighboring states, counties and communities -- to brainstorm their own solutions to increase revenue and productivity in their own regions.
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