I recently became a co-sponsor of the Spending Reduction Act of 2010 to require the federal government to cut non-defense and non-security spending by nearly 6%, saving the American taxpayers over $400 billion.
The proposal, which will reinstate caps on federal discretionary spending, is a key component of the Blue Dog Blueprint for Fiscal Reform, a comprehensive plan to reduce the deficit, balance the budget, and lay the groundwork for sound fiscal policies over the long term.
Specifically, this proposal would:
- Cut non-security discretionary spending by 2% for each of the next 3 years, and freeze spending levels for the subsequent 2 years.
- Complement the recently restored statutory PAYGO law which will help prevent increases in mandatory spending.
- Force Congress to prioritize our limited resources and make the tough year-to-year decisions necessary to restore balance to the federal budget.
Originally enacted under bipartisan agreements in the 1990s, discretionary spending caps have a proven track record of controlling spending and reducing the deficit. Alternatively, since they were allowed to expire in 2002, discretionary spending has jumped by more than $538 billion, an alarming trend that threatens to cripple the nation’s economy and saddle future generations of Americans with mountains of debt. This important legislation is a solid step toward getting the federal budget under control in order to build a foundation for a better and brighter tomorrow.
Ok, that's SOMETHING but I would have been much happier with 20 or 30%. As far as I'm concerned the government uses most of our (non-discretionary) money to fund agencies to hassle us and get in our business. Jackasses.
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