Issue Position: Balancing the Budget

Issue Position

By:  Buddy Roemer III
Date: Jan. 1, 2011
Location: Unknown

We must win the battle to control federal spending. At 25 percent of GDP, federal spending is excessive by any standards, unsustainable under any hypothesis, and erodes confidence in the financial management of our nation's government.

* Buddy Roemer's plan details one percent reductions in spending ($140 billion per year) over a 5-year period.
* Elimination of all energy subsidies, including oil, gas, ethanol and unproven energy technology is key, and the Department of Energy itself would be dismantled.
* Buddy's plan would modify social security and Medicare by slowly raising the eligibility age by one month each year for 24 years.

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