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Cutting Government Spending NOW!

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Date:
Location: Unknown

If Speaker Pelosi ever proposes a budget, there are some common-sense first steps that the framework should include:

1) Shut Down TARP: Congress should close down the Troubled Asset Relief Program (TARP) and use the money to pay down the deficit. It should absolutely not be used as a "piggy bank" to finance other unrelated domestic spending.

2) Repeal Unspent "Stimulus": The so-called economic "stimulus" legislation has not worked. Instead of keeping the unemployment rate below 8 percent, it stands at 9.9 percent nationally today and we're even deeper in debt.

3) Impose Strict Budget Caps: Congress should examine all spending proposals line-by-line and eliminate wasteful, unnecessary or duplicative spending, and save more than $375 billion using tools like strict budget caps.


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