Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Here’s a Promising Plan to Finally Get a Grip on Federal Spending
The Daily Signal ^ | July 25, 2019 | Romina Boccia

Posted on 07/27/2019 11:06:12 AM PDT by Tolerance Sucks Rocks

The massive spending deal, negotiated by Treasury Secretary Steve Mnuchin and House Speaker Nancy Pelosi and agreed to by the president, looks poised to kill off the Budget Control Act of 2011—the law that was meant to restrain federal spending.

With that law on the way out, the question arises: Where can fiscal conservatives turn to exert real and lasting fiscal discipline?

Thankfully, two members of Congress have introduced a bill to do just that.

The Maximizing America’s Prosperity Act—or MAP Act—is a bill proposed by Rep. Kevin Brady, R-Texas, and Sen. Mike Braun, R-Ind., that would limit federal spending to a fixed portion of the economy, adjusted for economic conditions.

The bill would enforce that spending limit by triggering automatic spending cuts when Congress fails to abide by the cap. The spending cap would then be slowly lowered year by year to achieve budget balance.

The end goal of this bill is to get federal spending back down to the level of federal revenue. This would bring the country leaps and bounds closer to the lean federal budget we need and toward finally stabilizing the debt.

The MAP Act builds off the best parts of the 2011 Budget Control Act and would correct some of its shortcomings, such as broadening the scope of spending that can be cut and doing away with the defense/nondefense bifurcation.

The Budget Control Act was limited by the fact that its spending caps only applied to about one-third of the federal budget—discretionary spending—while nondiscretionary (or mandatory) spending was allowed to continue growing unabated. In addition, it placed separate caps on defense and nondefense spending, creating incentives to lift the caps on both sides.

(Excerpt) Read more at dailysignal.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Editorial; Government; News/Current Events; Philosophy; Politics/Elections; US: Indiana; US: Texas
KEYWORDS: budget; budgetcontrolact; caps; collapse; congress; debt; deficit; deficits; democrats; gop; incometaxes; indiana; kevinbrady; lol; map; mapact; mikebraun; nevertrump; nevertrumper; nevertrumpers; reductions; restraints; stevemnuchin; taxcutsandjobsact; taxreform; tcja; texas; trump; usdebt; wearesoscrewed
Navigation: use the links below to view more comments.
first 1-2021-4041-44 next last

1 posted on 07/27/2019 11:06:12 AM PDT by Tolerance Sucks Rocks
[ Post Reply | Private Reply | View Replies]

To: 100American; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...

And here we have another “austerity” plan that Congress won’t bother to enforce.

PING!


2 posted on 07/27/2019 11:07:55 AM PDT by Tolerance Sucks Rocks (Show me the people who own the land, the guns and the money, and I'll show you the people in charge.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tolerance Sucks Rocks

Any bill passed to supposedly control Federal spending in the future is a waste of paper, time, and effort, because future politicians will refuse to vote against their own self-interests (re-election and/or lobbying income).

Federal spending will only be controlled when either the money is monetized into worthlessness, or the Federal government, and the American nation in general, collapses.


3 posted on 07/27/2019 11:09:58 AM PDT by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tolerance Sucks Rocks
There is no mention of Welfare or Affirmative Action in the Constitution. Those programs need to be eliminated.
4 posted on 07/27/2019 11:13:22 AM PDT by Cowboy Bob ("Other People's Money" = The life blood of Liberalism)
[ Post Reply | Private Reply | To 1 | View Replies]

To: chajin
Federal spending will only be controlled when either the money is monetized into worthlessness, or the Federal government, and the American nation in general, collapses.

Correct.

5 posted on 07/27/2019 11:13:44 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
[ Post Reply | Private Reply | To 3 | View Replies]

To: chajin

When nobody buys the bonds anymore, a brief spell of hyperinflation will occur as the printing presses will have to go into overdrive to pay entitlements. Immediately after that an economic collapse into deflation will occur.

That’s the only believable ‘promise’ from a politician.


6 posted on 07/27/2019 11:15:15 AM PDT by FirstFlaBn
[ Post Reply | Private Reply | To 3 | View Replies]

To: Tolerance Sucks Rocks

Please Pay Attention:

As long as we have a Debt Based Monetary system, where All Monies are Loaned into Society with Interest Attached, there is NO WAY IN HELL to Ever Control Spending. See EXPONENTS!!!


7 posted on 07/27/2019 11:19:32 AM PDT by eyeamok
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tolerance Sucks Rocks
Non-discretionary is the key. Also known as entitlements. They suck up all of the tax revenue, everything else is borrowed money.

Here is my proposal. Cut entitlement budget by 20%, and payout proportionally the remaining amount to those thst are in the system. If less people are in the system, then a higher payout to individuals. Make it widely known, and let citizens rat out the illegals stealing from our citizens. Then deport the welfare theives like crazy.

8 posted on 07/27/2019 11:20:21 AM PDT by D Rider
[ Post Reply | Private Reply | To 2 | View Replies]

To: chajin

See how long the country lasts when the EBT cards stop working.


9 posted on 07/27/2019 11:22:32 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Tolerance Sucks Rocks
The bill would enforce that spending limit by triggering automatic spending cuts when Congress fails to abide by the cap. The spending cap would then be slowly lowered year by year to achieve budget balance.

We tried automatic spending cuts for the past five or six years. Congress just repealed it. You expect them to enact even more stringent and larger automatic cuts?

10 posted on 07/27/2019 11:39:15 AM PDT by DoodleDawg
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tolerance Sucks Rocks
The bill would enforce that spending limit by triggering automatic spending cuts when Congress fails to abide by the cap.

No Congress can bind a future Congress.

11 posted on 07/27/2019 11:39:43 AM PDT by itsahoot (Welcome to the New USA where Islam is a religion of peace and Christianity is a mental disorder.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cowboy Bob
There is no mention of Welfare or Affirmative Action in the Constitution. Those programs need to be eliminated.

There's no mention of Social Security, Medicare, or the Air Force in the Constitution either. Should we eliminate those?

12 posted on 07/27/2019 11:41:30 AM PDT by DoodleDawg
[ Post Reply | Private Reply | To 4 | View Replies]

To: DoodleDawg

Sure, why not?


13 posted on 07/27/2019 11:42:18 AM PDT by Cowboy Bob ("Other People's Money" = The life blood of Liberalism)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Tolerance Sucks Rocks

Eliminate everything that starts with department of, except defense and border control.
Protecting our sovereignty is what makes us a nation.


14 posted on 07/27/2019 11:43:05 AM PDT by momincombatboots (Do you know anyone who isnÂ’t a socialist after 65? Freedom exchanged cash, a medicare card control.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tolerance Sucks Rocks

They should all be in federal prison at a minimum.

https://www.usdebtclock.org

Debt slave much?


15 posted on 07/27/2019 11:44:57 AM PDT by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tolerance Sucks Rocks

We’ve had multiple “plans” for decades. Democrats and Republicans agree that high deficits and debt are bad, and have agreed on that for decades. It’s about the ONLY thing they agree on.

After all this, can’t ANYONE figure out that they aren’t going to do anything about it?


16 posted on 07/27/2019 11:48:51 AM PDT by SaxxonWoods (The internet has driven the world mad.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; 2ndDivisionVet; azishot; ...

p


17 posted on 07/27/2019 11:51:14 AM PDT by bitt (US intel is there to protect the safety and security of Americans. It is not a political tool.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DoodleDawg

All you have to do is change the Air Force name back to what it used to be; The ARMY Air Force, problem solved.

Now get rid of welfare.


18 posted on 07/27/2019 12:11:20 PM PDT by 5th MEB (Progressives in the open; --- FIRE FOR EFFECT!!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: DoodleDawg
We tried automatic spending cuts for the past five or six years. Congress just repealed it.

I thought it sounded like deja vu all over again.

19 posted on 07/27/2019 12:28:36 PM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
[ Post Reply | Private Reply | To 10 | View Replies]

To: Cowboy Bob

Welfare comes under the Congressional power to dispose of federal property.

Article IV, Section 3

“The Congress shall have Power to dispose of and make all needful Rules and Regulations respecting the Territory or other Property belonging to the United States”

Instead of given a bundle of money to Binman Bob to throw into the back of a Waste Management vehicle, Congress can given the money to Binman Bob’s sister, who’s a young mother in need of money.


20 posted on 07/27/2019 12:48:03 PM PDT by Brian Griffin
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-44 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson