Showing posts with label debt reduction. Show all posts
Showing posts with label debt reduction. Show all posts

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.