RSC Budget Provides Only Clear Path Toward Fiscal Responsibility | Citizens Against Government Waste

RSC Budget Provides Only Clear Path Toward Fiscal Responsibility

The WasteWatcher

The national debt stands at more than $22 trillion, with trillion-dollar deficits right around the corner.  Entitlement spending continues to rise and is projected to make up 60 percent of spending for Fiscal Year (FY) 2020.  Social Security will exceed its income in 2020 for the first time since 1982 and Medicare is set to become insolvent by out in 2026. 

Instead of tackling these fiscal problems, the new House Democratic majority has neglected to present a budget and introduced legislation that would send the country toward a debt spiral.  This includes hefty price tags of $32.6 trillion for Medicare for All and an estimated $93 trillion for the Green New Deal, more than quadruple the national debt.

Fortunately, the Republican Study Committee (RSC) has a plan that will put the nation on a sustainable fiscal path.  The RSC’s FY 2020 Budget reduces spending by $12.6 trillion over 10 years, including the elimination of “duplicative, unnecessary, wasteful or ineffective programs” and a permanent ban on earmarks.  According to the RSC, a spending turnaround of this magnitude would balance the budget by 2025.

Beyond dramatically cutting wasteful spending and balancing the budget, the RSC’s proposal prioritizes a full repeal of Obamacare’s taxes and regulations, aims to achieve long-term Social Security and Medicare solvency, builds on the success of the Tax Cuts and Jobs Act, and implements welfare reform that fights fraud and rewards work.

The RSC’s budget should not only be commended for its merit, but also because it is the lone budget proposal in the House.  Congress has a job to do and that includes managing the country’s purse strings.  The House majority refusing to address these fiscal issues and failing to even put a budget forward is a dereliction of duty.  “Our budget will preserve American freedom, reduce spending and balance in just six years,” said RSC Chairman Mike Johnson (R-La.).  “So, we say to Speaker Pelosi and House Democrats, this is our budget, and these are our values.  Where are yours?”  Your move, Madam Speaker.