Posted on 05/02/2019 11:37:25 PM PDT by Tolerance Sucks Rocks
As news circulated Tuesday that President Donald Trump, House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., are eyeing a $2 trillion infrastructure spending package, the House Republican Study Committee introduced a budget proposal that recognizes that America’s $22 trillion—and rapidly growing—national debt is unsustainable, and that Congress must change course.
“Preserving American Freedom,” the Republican Study Committee’s comprehensive fiscal 2020 budget proposal, would rein in Washington’s spending addiction by prioritizing core constitutional functions.
By reducing inappropriate and wasteful spending and right-sizing the federal government, the committee’s proposal would balance the budget in six years and start paying down the national debt.
Here are six takeaways from the 2020 Republican Study Committee budget.
1. Balances the budget.
The GOP committee’s budget would downsize the federal bureaucracy and focus spending on constitutional responsibilities. It would also take steps to rein in autopilot mandatory spending such as Social Security and health care programs, saving money and putting those programs back on a path to solvency.
In total, the proposal would cut spending by $12.6 trillion over the next decade. By 2025, the Republican Study Committee plan would reverse trillion-dollar deficits and balance the budget, without raising taxes.
The national debt held by the public would quickly stabilize and then decrease to $18 trillion by 2029, $10.7 trillion below Congressional Budget Office projections.
2. Prioritizes defense spending within the total Budget Control Act cap.
“Preserving American Freedom” provides $745 billion in total defense funding in 2020. Over the next decade, national defense would receive more than $7.7 trillion.
The proposal promotes a threat-oriented budget. It allocates resources to defense based on the missions that have been assigned to our military, rather than an arbitrary cap.
(Excerpt) Read more at dailysignal.com ...
PING!
This didn’t have a chance WHEN WE HAD THE HOUSE.
That’s the problem.
Perhaps if we win back the house with real conservatives and when Trump wins, something like this will happen.
don’t count on it
Most notably, the committee’s budget would shift toward a flat benefit for both Social Security’s retirement and disability insurance programs; increase the minimum benefit for lower-income earners; adjust the retirement eligibility age to account for changes in longevity;
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Preserving American Freedom” provides $745 billion in total defense funding in 2020. Over the next decade, national defense would receive more than $7.7 trillion.
The proposal promotes a threat-oriented budget. It allocates resources to defense based on the missions that have been assigned to our military, rather than an arbitrary cap.
It would also move so-called overseas contingency operations to the base budget, eliminating what has far too often been a gimmick to increase spending. The Republican Study Committee budget would pay for additional defense resources through cuts to improper and wasteful domestic programs.
Low hanging fruit: Enforce rule of law and eliminate subsidizing illegals to the tune of $150 billion a year. Incentivize cabinet members with drastic cutting of expenses their respective departments and agencies.
“rein in Washington’s spending addiction by prioritizing core constitutional functions. By reducing inappropriate and wasteful spending and right-sizing the federal government”
I thought that restarting the economy, rebuilding the military, draining some Swamp and building some wall/addressing immigration would be first term priorities, but that downsizing Government, reforming entitlements and balancing the budget would have to be left for a second term, because they could piss people off and endanger re-election.
A second term is the opportunity to get these things done, but only if the stars align with control of Congress.
Embarrassed in Sri Lanka?
If he gets reelected, Trump will repair all the broken things, and Democrats will denounce him, take credit for any improvements, and dismantle them all within a decade. They will even want to tear down the wall.
GOPee sidesteps imo the constitutional reality that focusing federal spending on constitutional responsibilities is mandatory under the Constitution, not an option.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."—Justice John Marshall, Gibbons v. Ogden, 1824.
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