End Deficit Spending | Citizens Against Government Waste

End Deficit Spending

The WasteWatcher

With a turnout estimated at hundreds of thousands of people, the Taxpayer March in Washington, D.C. on September 12, 2009 demonstrated the public’s support for restraining government spending.  In order to understand the motivation of the protesters, one only needs to look at the current fiscal condition of the country.

According to the website USDebtClock.org, the national debt currently exceeds $11.7 trillion, or more than $38,000 per citizen.  Judging by the turnout for the Taxpayer March, Americans have recognized the high price of excessive government spending.  With a record deficit of $1.6 trillion slated for this fiscal year, the problem is getting worse.  Current and future generations of citizens will have to pay off this debt if the government does not start cutting the deficit.

Federal Reserve Chairman Ben Bernanke told Congress on June 3, 2009, that “unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth.”  Considering the impact retiring baby boomers will have on the budget in the future, it is not prudent to wait any longer to reduce the deficit.

In a June 17, 2009 New York Times article, President Obama said that the budget deficit is “something that keeps me awake at night.”  If the President is serious about controlling government spending, all he need do is look to the work of Citizens Against Government Waste (CAGW).  CAGW’s Prime Cuts 2009 provides a blueprint for eliminating waste in government; if enacted, the recommendations would save taxpayers $269.9 billion in the first year and $1.9 trillion over five years.  

Wasteful spending serves special interests, not the taxpayers.  By using the recommendations provided by CAGW, the Obama Administration will be able to take a first step toward getting back on a fiscally responsible track.

Alexander Hoose

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