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December 7, 2010

National Debt: 5 Ways Spending Cuts Will Benefit You

According to politicians, if you don’t increase spending this year by as much as you did last year, you are “cutting” spending. For instance . . .

* If you spent $1,000 on the holidays in 2008
* And spent $1,200 in 2009 (an increase of 20%)
* And will spend $1,320 in 2010 (an increase of 10%)

. . . politicians might claim you’ve slashed your holiday budget in 2010!

You see this thinking in the bipartisan National Commission on Fiscal Responsibility and Reform.Their so-called spending “cuts” would balloon the federal budget from $3.5 trillion today to $5 trillion by 2020.

We believe restoring America’s fiscal health and prosperity requires real spending CUTS. We give 5 Reasons in the letter below.If you agree, please tell Congress to get to work through DownsizeDC.org’s Cut Federal Spending campaign

You may borrow from or copy this letter . . .

The bi-partisan Fiscal Responsibility Commission’s report has serious flaws . . .

* It’s not ambitious enough, anticipating red ink for a decade; we should balance the budget sooner
* It raises taxes
* It doesn’t make real CUTS in spending, only cuts in the rate of increase http://www.cato-at-liberty.org/still-not-serious-about-cutting-spending/

You should instead CUT government spending back to Clinton-era levels. Here are five very good reasons why… 

1. Less government borrowing will mean more money for investment and job creation
2. Eliminating wasteful and unconstitutional agencies and subsidies will allow for greater innovation in local government and the private sector
3. We won’t need job-killing tax hikes
4. Confidence in the dollar would be restored and inflation would be curbed
5. We would see a balanced budget sooner, sparing the people from trillion-dollar interest payments

Drastic spending cuts led to economic booms in New Zealand in the 1980’s, Canada in the 1990’s, and here in the U.S. after World War II. http://reason.com/archives/2010/10/12/it-can-happen-here

It can happen again. This is an historic opportunity. Cut spending to restore prosperity!

END LETTER

You can send your letter using DownsizeDC.org’s Educate the Powerful System.

And if you care about Downsizing DC, forward this to friends and share it on Facebook. http://www.facebook.com/downsizedc

Jim Babka
President
DownsizeDC.org, Inc.

If your comment is off-topic for this post, please email us at feedback@downsizedc.org

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