Monday, November 21, 2011

Tea Party Unveils its Budget Plan for Debt Reduction

On Nov 17 the Tea Party's Debt Reduction Committee released The Tea Party Budget. Highlights:
  • Repeals ObamaCare in toto.
  • Eliminates 4 Cabinet agencies — Energy, Education, Commerce, and HUD — and reduces or privatizes many others, including EPA, TSA, Fannie Mae, and Freddie Mac.
  • Ends farm subsidies, government student loans, and foreign aid to countries that don't support us — luxuries we can no longer afford.
  • Saves Social Security and greatly improves future benefits by shifting ownership and control from government to individuals, through new SMART accounts.
  • Gives Medicare seniors the right to opt into the Congressional health care plan.
  • Suspends pension contributions and COLAs for Members of Congress, whenever the budget is in deficit.
It's a serious proposal, one clearly geared to saving a nation rather than a few political jobs. Check it out.

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