Reducing the Deficit
“Tax, spend and borrow is not a governing philosophy, it’s a cycle of dependency and it’s one that must be broken. The irresponsible, massive borrowing must stop.” – Carly Fiorina
When President Obama announced his budget proposal earlier this year, he had the opportunity to set our nation on a healthy fiscal path by getting control of the budget deficit and the long-term national debt. Instead, his budget represents more of the same tax, spend, borrow and regulate policies we’ve come to expect from Washington that will drive skyrocketing federal spending to new heights, raise taxes and increase the debt we are leaving to our children and grandchildren by trillions of dollars.
We’ve already seen the negative effects of this misguided policy. Job losses across the nation are hurting our families, communities and businesses. We have not seen the economic recovery that we were promised would result from this increased government spending. Yet, we are not seeing a shift in policy coming from Washington.
If we’re serious about getting rid of our deficit and getting control of our debt, Washington must do the same two things most families and business do when things get tight: reduce spending and pay down debt. That requires taking on the difficult task of prioritizing programs and spending our taxpayer dollars where they have the greatest impact. And that might mean adding a new word to Washington’s vocabulary: No.