Wintery Knight

…integrating Christian faith and knowledge in the public square

Government spending bankrupts our children and grandchildren

Ohio conservative Jim Jordan speaks out for generations not yet born.

Excerpt:

Government spending at its current level is “immoral, wrong and unfair” to the future generations that will be left to pay off ever increasing amounts of debt, Rep. Jim Jordan, the chairman of the Republican Study Committee tells Newsmax.TV.

That’s why the new budget proposal the committee revealed on Tuesday is so much better than another GOP proposal put forward by Budget Committee chairman, Rep. Paul Ryan, he said.

“We have a debt that is bigger than our entire economy, a debt that’s bigger than our GDP,” said the Ohio congressman. “We have to talk straight with the American people and say we are now making interest payments of $230 billion a year and that is going to increase dramatically over the next 10 years to where interest payments will be bigger than what we currently spend on national defense.

“It is immoral, it is wrong, it is unfair for one generation to live for the moment, to spend for the moment and send the bill to our kids and our grandkids. That is just wrong.”

Jordan said one of the things that makes America great is the concept that each generation makes sacrifices so their children can have a better life than they had. “Each generation has done it for the next until now.

“For the first time in American history we have a generation of Americans living for the moment and saying, ‘That’s OK, and we will send the bill to someone else.’

“We need to make that case and spell out what happens if we don’t begin to fix it, that we will in fact have a debt crisis just like Greece, just like Italy, just like these other countries are facing today. That should not happen to the greatest country in the world and that’s what our budget would prevent.”

This is why we should not believe the Democrats when they tell us sob stories about need to spending more money “fore the children”. The only thing that the children will get from the Democrats is unemployment and debt.

Filed under: News, , , , , , , ,

House Republicans set to unveil $2.5 TRILLION in spending cuts

Republican Study Committee

Republican Study Committee

(Michele Bachmann and Marsha Blackburn are members of the RSC)

From the Daily Caller. (H/T Gateway Pundit)

Excerpt:

A number of the House GOP’s leading conservative members on Thursday will announce legislation that would cut $2.5 trillion over 10 years, which will be by far the most ambitious and far-reaching proposal by the new majority to cut federal government spending.

Jordan’s bill, which will have a companion bill introduced in the Senate by Sen. Jim DeMint, South Carolina Republican, would impose deep and broad cuts across the federal government. It includes both budget-wide cuts on non-defense discretionary spending back to 2006 levels and proposes the elimination or drastic reduction of more than 50 government programs.

Jordan’s “Spending Reduction Act” would eliminate such things as the U.S. Agency for International Development and its $1.39 billion annual budget, the $445 million annual subsidy for the Corporation for Public Broadcasting, the $1.5 billion annual subsidy for Amtrak, $2.5 billion in high speed rail grants, the $150 million subsidy for the Washington Metropolitan Area Transit Authority, and it would cut in half to $7.5 billion the federal travel budget.

But the program eliminations and reductions would account for only $330 billion of the $2.5 trillion in cuts. The bulk of the cuts would come from returning non-defense discretionary spending – which is currently $670 billion out of a $3.8 trillion budget for the 2011 fiscal year – to the 2006 level of $496.7 billion, through 2021.

Going back to 2006 levels would reduce spending by $2.3 trillion over ten years. It is a significantly more drastic cut than the one proposed by House Republican leadership in the Pledge to America last fall, which proposed moving non-defense, non-mandatory spending for the current fiscal year back to 2008 levels, which was $522.3 billion. Jordan’s proposal includes the recommendation from the Pledge for the current fiscal year, which ends in September.

The proposal would cut the federal work force by 15 percent and freeze automatic pay raises for government employees for five years.

You’ll remember that 2006 was the last year when the Republicans were in control of the House and Senate. Remember what life was like at the beginning of 2007? Unemployment was around 4% and the budget deficit was around 200 billion dollars. Then Nancy Pelosi and Harry Reid came along and the spending started. Cutting spending can be a positive thing when you take money away from unions. And think of the jobs when companies realize that there will be an end to all this spending and they won’t be on the hook for it. And children will have a standard of living that isn’t worse than the ones that their parents had.

But now the Republican Study Committee wants to put a stop to all of that. The Republican Study Commitee is the conservative wing of the House Republican caucus and that’s where all the good policies come from.

Filed under: News, , , , , , , , , , , , , , , , , , , , , , , , ,

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