Letitia James Vows to Continue Lawfare Against Trump
Here's What the Alleged CEO Killer Shouted As Cops Escorted Him Inside the...
In Heartbreaking Testimony, Mother of Rachel Morin Makes the Case for Deportations
Meet the Trump Nominees Who Will 'Make America Wealthy Again'
Wray Reportedly Preparing Resignation As FBI Director
Is a Ban on Artificial Red Food Dye Coming?
House Dem Says There Could Be 'Huge Bipartisan Cooperation' With DOGE on One...
DA Alvin Bragg's Latest Move Proves He Won't Give Up His Case Against...
Congress Continues Investigation Into Pro-Hamas Uprising in DC
The Supreme Court Turned Away a Case Surrounding Parental Rights in Education
Basic Economics Still Undefeated: California's Fresh Reckoning With Reality
One State Outlawed 'Book Bans'
Trump Mocks Trudeau As Canada’s ‘Governor’
Justice: The Anti-Racist Acquittal of Daniel Penny
Daniel Penny Goes on Bar-Hopping Victory Lap
Tipsheet

Taper the Spending Valve

Guest post by Rep. Jim Sensenbrenner (Wisc.)

Clearly, last week’s exchange with House Republicans in Baltimore did little to curb the President’s appetite for spending American’s tax dollars.  As the President’s Fiscal Year (FY) 2011 budget reached Congress this week, American’s waited and hoped it would be in their best interest. This “budget” doubles the national debt in five years and triples it by FY 2019 from 2008 levels.  We need to spend less so we borrow less, and cut taxes so $$ is put into the hands of consumers. That’s Economics 101.
 
FACTS:

*        America’s current national debt = $12.4 trillion

Advertisement

*        President Obama’s FY 2011 Budget proposal starting October 1 = $3.8 trillion

*        How much does America need to borrow to pay for Obama’s FY 2011 budget =  $1.6 trillion

*        America’s national debt after FY 2011 = $14 trillion

Republicans took the President at his word when he said he wanted to work with us last week, but that appears to be more hollow promises and rhetoric.  He should have taken House Budget Committee Ranking Member Paul Ryan up on his offering of a scalpel to slice the annual budget and get Americans back to work.  If the President had, he would have realized that the Republican plan spends $4.8 trillion less than his over 10 years.  If the President had, he would have also realized the true savings are in cutting certain entitlement spending, which the President’s proposal increases by $1.4 trillion over the next ten years.
 
Next time, Mr. President…how about starting here?

Congressman Sensenbrenner represents Wisconsin's fifth congressional district and serves on the House Committee on the Judiciary.

Advertisement

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement