Dear Randy,
I’m concerned that the “Super Committee” is going in the wrong direction.
In August, Congress passed and the President signed the Budget Control Act (BCA) of 2011, which increased the debt ceiling (again!) and set up a legislative process to “streamline” deficit reduction. The so-called “super committee” is tasked to tackle our nation’s dangerously mounting debt.
As I understand it, the “super committee” is eyeing serious tax INCREASES to meet their $1.2 trillion deficit reduction goal.
LET ME BE VERY CLEAR HERE: Tax increases will not solve our problems and therefore should not be part of the solution.
We MUST have REAL spending cuts, to both discretionary and mandatory programs. No more typical Washington-style gimmicks. Wasteful programs and agencies that don’t need government funding (like NPR and energy subsidies) need to be cut. Government needs to get out of industries where it doesn’t belong (which is most of them) and entitlements need real.
But Randy, we simply can’t afford to cut defense and military any further as it would cripple our country. Remember, $350 billion was already cut from the military in the first round of the debt ceiling increase. Additionally, military spending was also cut during the short-term CRs and remaining budget bills earlier this year. To be clear, our nation’s military is already suffering a readiness and capabilities crisis! Further cuts to an already underfunded military are irresponsible and dangerous.
I expect for Republicans in the House to stand up against the “Super Committee” by rejecting tax increases and demanding real spending cuts.
Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts
Tuesday, November 1, 2011
Sunday, June 26, 2011
Proposed Budget Cuts...(Yes...! )
These are all the programs that the new Republican House has proposed cutting. Read to the end.
- Corporation for Public Broadcasting Subsidy. $445 million annual savings.
- Save America 's Treasures Program. $25 million annual savings.
- International Fund for Ireland . $17 million annual savings.
- Legal Services Corporation. $420 million annual savings.
- National Endowment for the Arts. $167.5 million annual savings.
- National Endowment for the Humanities. $167.5 million annual savings.
- Hope VI Program. $250 million annual savings.
- Amtrak Subsidies. $1.565 billion annual savings.
- Eliminate duplicative education programs. H.R. 2274 (in last Congress), authored by Rep. McKeon, eliminates 68 at a savings of $1.3 billion annually.
- U.S. Trade Development Agency. $55 million annual savings.
- Woodrow Wilson Center Subsidy. $20 million annual savings.
- Cut in half funding for congressional printing and binding. $47 million annual savings.
- John C. Stennis Center Subsidy. $430,000 annual savings.
- Community Development Fund. $4.5 billion annual savings.
- Heritage Area Grants and Statutory Aid. $24 million annual savings.
- Cut Federal Travel Budget in Half. $7.5 billion annual savings
- Trim Federal Vehicle Budget by 20%. $600 million annual savings.
- Essential Air Service. $150 million annual savings.
- Technology Innovation Program. $70 million annual savings.
- Manufacturing Extension Partnership (MEP) Program. $125 million annual savings.
- Department of Energy Grants to States for Weatherization. $530 million annual savings.
- Beach Replenishment. $95 million annual savings.
- New Starts Transit. $2 billion annual savings.
- Exchange Programs for Alaska , Natives Native Hawaiians, and Their Historical Trading Partners in Massachusetts . $9 million annual savings
- Intercity and High Speed Rail Grants. $2.5 billion annual savings.
- Title X Family Planning. $318 million annual savings.
- Appalachian Regional Commission. $76 million annual savings.
- Economic Development Administration. $293 million annual savings.
- Programs under the National and Community Services Act. $1.15 billion annual savings.
- Applied Research at Department of Energy. $1.27 billion annual savings.
- FreedomCAR and Fuel Partnership. $200 million annual savings.
- Energy Star Program. $52 million annual savings.
- Economic Assistance to Egypt . $250 million annually.
- U.S. Agency for International Development. $1.39 billion annual savings.
- General Assistance to District of Columbia . $210 million annual savings.
- Subsidy for Washington Metropolitan Area Transit Authority. $150 million annual savings.
- Presidential Campaign Fund. $775 million savings over ten years.
- No funding for federal office space acquisition. $864 million annual savings.
- End prohibitions on competitive sourcing of government services.
- Repeal the Davis-Bacon Act. More than $1 billion annually.
- IRS Direct Deposit: Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing it to remain as part of its budget. $1.8 billion savings over ten years.
- Require collection of unpaid taxes by federal employees. $1 billion total savings.WHAT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
- Prohibit taxpayer funded union activities by federal employees. $1.2 billion savings over ten years.
- Sell excess federal properties the government does not make use of. $15 billion total savings.
- Eliminate death gratuity for Members of Congress.
- Eliminate Mohair Subsidies. $1 million annual savings.
- Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change. $12.5 million annual savings
- Eliminate Market Access Program. $200 million annual savings.
- USDA Sugar Program. $14 million annual savings.
- Subsidy to Organization for Economic Co-operation and Development (OECD). $93 million annual savings.
- Eliminate the National Organic Certification Cost-Share Program. $56.2 million annual savings.
- Eliminate fund for Obamacare administrative costs. $900 million savings.
- Ready to Learn TV Program. $27 million savings..
- HUD Ph.D. Program.
- Deficit Reduction Check-Off Act.
- TOTAL SAVINGS: $2.5 Trillion over Ten Years
My question is, what are all these doing in the budget in the first place?
Saturday, February 5, 2011
Vote NO on Debt Ceiling Increase
Vote NO on Debt Ceiling Increase
Dear Randy,
The Federal Reserve is already publicly committed to print some $75 billion a month to service massive federal budget deficits and allow the federal establishment's unchecked expansion to continue.
This massive subsidy to rampant federal spending was never voted upon by Congress or the American people – at least $600 billion in new money is being printed and given to the insolvent federal government – completely beyond the control of democratic processes that define a free America and further destroying the value of every dollar you earn, spend, save, or invest.
The only way to put a stop to this insanity is for Congress to REFUSE to raise the debt limit.
Randy, I know that Members of Congress who think like you and I do are being derided as "The Shutdown Caucus", but if Republicans cave in and join with the Democrats to raise America's debt ceiling above the already staggering current limit of $14.3 trillion, Obamacare will be funded, the bailouts will continue, and out-of-control federal spending will get worse.
Our national debt is already 90% of gross domestic product (GDP). By increasing the debt to 100% or more, America could join the ranks of banana republics which have destroyed their currencies and plunged their economies into chaos.
No more federal debt on the backs of our children and grandchildren!
NO NEW DEBT FOR THE OBAMA AGENDA!!
Friday, April 16, 2010
The Administration's Budget for 2011
Congress needs to go back to the drawing board on the FY2011 budget.
If enacted this budget plan will balloon the deficit, dramatically increase taxes in a tough economy, and undermine job creation. Plagued with record-breaking spending and larger deficits than ever seen, this plan is a surefire way to slow economic growth, slow employment, and make U.S. companies less competitive around the globe.
Job creators, investors, and higher income Americans, including many small business owners, will be the hardest hit by punishing tax increases. According to initial reports, there are nearly a half a trillion dollars in business tax hikes over the next 10 years, including taxes on energy, financial transactions, unemployment insurance, firms using independent contractors, and foreign earnings. Imposing these taxes in a weak economy will delay our economic recovery, hurt business expansion, and slow job creation.
While the FY2011 Greenbook is full of tax increases, it offers little in the way of tax cuts to help businesses grow.
Additionally, the discipline envisioned on the spending side of the equation is weak.
The spending freeze, initially announced with fanfare, covers only a small sliver of the federal budget pie. Federal spending will grow to a record $3.8 trillion in FY2011, more than 25 percent of the nation's GDP, a post-World War II record. The bipartisan deficit reduction commission the president plans to organize would have no binding influence over this or any Congress.
Using its own numbers, the administration's proposed budget deficits will cause debt as a share of the economy to rise by 13.6 percentage points to over 77 percent.
Deficits of this magnitude are unsustainable. Such heavy borrowing by government crowds out the capital available for the private sector, threatens to reignite inflation and higher interest rates, and cedes too much leverage to foreign debt holders.
I know that there is no perfect plan to erase the deficit and balance the budget. However, serious deficit reduction can only begin with robust economic growth, expansion of the tax base, and serious entitlement reform.
If enacted this budget plan will balloon the deficit, dramatically increase taxes in a tough economy, and undermine job creation. Plagued with record-breaking spending and larger deficits than ever seen, this plan is a surefire way to slow economic growth, slow employment, and make U.S. companies less competitive around the globe.
Job creators, investors, and higher income Americans, including many small business owners, will be the hardest hit by punishing tax increases. According to initial reports, there are nearly a half a trillion dollars in business tax hikes over the next 10 years, including taxes on energy, financial transactions, unemployment insurance, firms using independent contractors, and foreign earnings. Imposing these taxes in a weak economy will delay our economic recovery, hurt business expansion, and slow job creation.
While the FY2011 Greenbook is full of tax increases, it offers little in the way of tax cuts to help businesses grow.
Additionally, the discipline envisioned on the spending side of the equation is weak.
The spending freeze, initially announced with fanfare, covers only a small sliver of the federal budget pie. Federal spending will grow to a record $3.8 trillion in FY2011, more than 25 percent of the nation's GDP, a post-World War II record. The bipartisan deficit reduction commission the president plans to organize would have no binding influence over this or any Congress.
Using its own numbers, the administration's proposed budget deficits will cause debt as a share of the economy to rise by 13.6 percentage points to over 77 percent.
Deficits of this magnitude are unsustainable. Such heavy borrowing by government crowds out the capital available for the private sector, threatens to reignite inflation and higher interest rates, and cedes too much leverage to foreign debt holders.
I know that there is no perfect plan to erase the deficit and balance the budget. However, serious deficit reduction can only begin with robust economic growth, expansion of the tax base, and serious entitlement reform.
Wednesday, September 30, 2009
LET’S RAISE THEIR TAXES…!
LET’S RAISE THEIR TAXES…!
Democrats in Congress are going to allow the Bush tax cuts of 2001 and 2003 to expire, resulting in what the Wall Street Journal called “the biggest tax increase in our nation’s history”.
Once these tax cuts are allowed to expire, taxpayers will face an estimated total of almost $2.4 trillion in additional taxes.
That means about 17 million seniors will face an estimated average tax increase of $2,034 each.
When these tax cuts are allowed to expire:
· The Marriage Penalty will be reinstated, costing married couples almost $1,500 per year on average.
· 26 million small business owners will face an average tax increase of $3,637.
· And, the Death Tax will return to its former high rate, which has been a leading cause of the demise of small businesses. This will cost American families an estimated $91 billion.
President Obama wants to raise tax rates on dividends and capital gains, causing stocks to lose an estimated additional $90-billion-plus in value.
And then if Congress passes it’s “cap-and-trade” energy plan into law, the cost to each American household will average about $4,6093 per year in higher taxes and energy prices, appearing on your electric bill, gas bill, water bill, phone bill, and at the gasoline pumps.
Americans already pay, on average, an estimated 35 to 40 percent of their earnings each year in federal taxes. We are simply taxed out the wahzoo.
How much more “hope and change” can American families afford?
Democrats in Congress are going to allow the Bush tax cuts of 2001 and 2003 to expire, resulting in what the Wall Street Journal called “the biggest tax increase in our nation’s history”.
Once these tax cuts are allowed to expire, taxpayers will face an estimated total of almost $2.4 trillion in additional taxes.
That means about 17 million seniors will face an estimated average tax increase of $2,034 each.
When these tax cuts are allowed to expire:
· The Marriage Penalty will be reinstated, costing married couples almost $1,500 per year on average.
· 26 million small business owners will face an average tax increase of $3,637.
· And, the Death Tax will return to its former high rate, which has been a leading cause of the demise of small businesses. This will cost American families an estimated $91 billion.
President Obama wants to raise tax rates on dividends and capital gains, causing stocks to lose an estimated additional $90-billion-plus in value.
And then if Congress passes it’s “cap-and-trade” energy plan into law, the cost to each American household will average about $4,6093 per year in higher taxes and energy prices, appearing on your electric bill, gas bill, water bill, phone bill, and at the gasoline pumps.
Americans already pay, on average, an estimated 35 to 40 percent of their earnings each year in federal taxes. We are simply taxed out the wahzoo.
How much more “hope and change” can American families afford?
Monday, May 25, 2009
Dear Senator Cornyn,
No new taxes for socialized medicine!
One of the ideas being proposed by the Senate Finance Committee is to pay for government-run health care by raising taxes on beverages. This tax scheme is a bad one, and would cost everyone that enjoys soda, sports drinks or alcoholic beverages. Raising taxes on the American people during a recession is bad policy, regardless of what the money will supposedly be spent on.
Leaders in the Senate are planning on paying for the government takeover of healthcare with massive taxes on soda and alcoholic beverages. It’s a hefty chunk of change: beer would be up 145% per six pack, the liquor tax would increase $2.54 per fifth, and the soda tax could be raised as well.
Those who want to see a Canadian-style socialized health care system have managed to sneak reconciliation language into the budget which means that Senator Reid and his allies can limit debate of this monumental decision and pass sweeping changes to our health care system with only 51 votes. That’s why every vote counts to preserve the choice and freedom we have.
This is something America just can’t afford right now – these tax hikes mean less money in our own pockets and a severe hit to the already suffering restaurant business and their employees.
I'd like to see you publicly state your opposition to the beverage tax idea.
Sincerely,
Dr. Chris Albritton
No new taxes for socialized medicine!
One of the ideas being proposed by the Senate Finance Committee is to pay for government-run health care by raising taxes on beverages. This tax scheme is a bad one, and would cost everyone that enjoys soda, sports drinks or alcoholic beverages. Raising taxes on the American people during a recession is bad policy, regardless of what the money will supposedly be spent on.
Leaders in the Senate are planning on paying for the government takeover of healthcare with massive taxes on soda and alcoholic beverages. It’s a hefty chunk of change: beer would be up 145% per six pack, the liquor tax would increase $2.54 per fifth, and the soda tax could be raised as well.
Those who want to see a Canadian-style socialized health care system have managed to sneak reconciliation language into the budget which means that Senator Reid and his allies can limit debate of this monumental decision and pass sweeping changes to our health care system with only 51 votes. That’s why every vote counts to preserve the choice and freedom we have.
This is something America just can’t afford right now – these tax hikes mean less money in our own pockets and a severe hit to the already suffering restaurant business and their employees.
I'd like to see you publicly state your opposition to the beverage tax idea.
Sincerely,
Dr. Chris Albritton
Tuesday, April 14, 2009
Patriotic to pay more taxes...???
Dear President Obama,
Vice President Joe Biden said during the 2008 campaign that it is patriotic for Americans to pay more in taxes.
Since taking over control of Washington, the Democrats have decided we should all be more "patriotic" having passed or proposed more than $5 trillion in new spending and $1.4 trillion in new taxes.
And I do not approve of the $1.4 trillion in new taxes, $636 billion in higher energy taxes, the staggering redistribution of wealth and wasteful spending you are prescribing as a cure for the economic crisis.
To hold the Democrats in Washington accountable for their record tax, spend and borrow schemes, I am sending a virtual tea bag to protest your plans to raise taxes on every American this Tax Day.
Sincerely,
Dr. Chris Albritton
Vice President Joe Biden said during the 2008 campaign that it is patriotic for Americans to pay more in taxes.
Since taking over control of Washington, the Democrats have decided we should all be more "patriotic" having passed or proposed more than $5 trillion in new spending and $1.4 trillion in new taxes.
I don't believe that it is patriotic to pay more taxes.
And I do not approve of the $1.4 trillion in new taxes, $636 billion in higher energy taxes, the staggering redistribution of wealth and wasteful spending you are prescribing as a cure for the economic crisis.
To hold the Democrats in Washington accountable for their record tax, spend and borrow schemes, I am sending a virtual tea bag to protest your plans to raise taxes on every American this Tax Day.
Sincerely,
Dr. Chris Albritton
Friday, April 3, 2009
Obama doesn't want TARP money returned to tax payers
On Friday April 3, 2009, President Obama refused to allow JPMorgan Chase bank to re-pay the TARP money back to the US Government.
Obama had a meeting with the CEOs of some of the big US banks.
JPMorgan Chase CEO Jamie Dimon insisted that he’d like to give the government’s TARP money back as soon as practical, and asked the president to “streamline” that process.
But Obama didn’t like that idea — arguing that the system still needs government capital.
Several CEOs disagreed, arguing instead that returning TARP money was their patriotic duty, that they didn’t need it anymore, and that publicity surrounding the return would send a positive signal of confidence to the markets.
The president offered an analogy: “This is like a patient who’s on antibiotics,” he said. “Maybe the patient starts feeling better after a couple of days, but you don’t stop taking the medicine until you’ve finished the bottle.” Returning the money too early, the president argued could send a bad signal.
Read the full report here:
http://www.politico.com/news/stories/0409/20871.html
I wonder why Obama thinks he’s so much smarter than the CEOs of some of the largest US banks…?
Obama had a meeting with the CEOs of some of the big US banks.
JPMorgan Chase CEO Jamie Dimon insisted that he’d like to give the government’s TARP money back as soon as practical, and asked the president to “streamline” that process.
But Obama didn’t like that idea — arguing that the system still needs government capital.
Several CEOs disagreed, arguing instead that returning TARP money was their patriotic duty, that they didn’t need it anymore, and that publicity surrounding the return would send a positive signal of confidence to the markets.
The president offered an analogy: “This is like a patient who’s on antibiotics,” he said. “Maybe the patient starts feeling better after a couple of days, but you don’t stop taking the medicine until you’ve finished the bottle.” Returning the money too early, the president argued could send a bad signal.
Read the full report here:
http://www.politico.com/news/stories/0409/20871.html
I wonder why Obama thinks he’s so much smarter than the CEOs of some of the largest US banks…?
Thursday, March 26, 2009
The price of Oil and gasoline is creeping back up.
The price of Oil and gasoline is creeping back up.
I sent this to the Obama Administration:
I am writing to voice my strong support for the Minerals Management Service’s (MMS) Draft Proposed 5-year OCS Oil and Gas Leasing Program for 2010-2015. Consider these comments as a filing in Docket ID # MMS-2008-OMM-0045.
This program presents positive, meaningful steps to address our nation’s growing and dangerous dependence on far-away people and places for our essential energy supplies. Rarely has the imperative to increase the production of domestic energy been more important or apparent as it is today.
Oil and natural gas affect practically all Americans—anyone who cooks or heats with gas or natural oil, anyone who drives a car, anyone who flies on planes and anyone who buys goods transported to them by gas-powered trucks or planes.
With an economy in peril and millions of Americans out of work, developing just a portion of our nation’s abundant offshore energy resource base would generate hundreds of thousands of new jobs, billions in additional tax revenue and royalties, and help ensure that our country’s long road back to economic recovery is built quicker and made smoother thanks to a steady stream of reliable, affordable energy.
No other country in the developed world has even considered locking its abundant resources away. America alone has decided to forego hundreds of thousands of new jobs, billions in additional revenue, and a generation's worth of affordable energy, thanks to an offshore energy ban that disproportionately affects the most, those with the least. Although that ban is no longer operable, no energy can be produced without a forward-looking, supply-oriented five-year energy plan.
Therefore, I respectfully ask that the MMS proceed with their 5-year plan and include all the areas outlined in the Draft Proposed Program. Further, MMS should continue aggressive leasing in open areas and not subject new leases to any additional environmental restrictions.
Sincerely,
Dr. Chris Albritton
Abilene, TX
See more at: http://www.freeourenergy.com/
I sent this to the Obama Administration:
I am writing to voice my strong support for the Minerals Management Service’s (MMS) Draft Proposed 5-year OCS Oil and Gas Leasing Program for 2010-2015. Consider these comments as a filing in Docket ID # MMS-2008-OMM-0045.
This program presents positive, meaningful steps to address our nation’s growing and dangerous dependence on far-away people and places for our essential energy supplies. Rarely has the imperative to increase the production of domestic energy been more important or apparent as it is today.
Oil and natural gas affect practically all Americans—anyone who cooks or heats with gas or natural oil, anyone who drives a car, anyone who flies on planes and anyone who buys goods transported to them by gas-powered trucks or planes.
With an economy in peril and millions of Americans out of work, developing just a portion of our nation’s abundant offshore energy resource base would generate hundreds of thousands of new jobs, billions in additional tax revenue and royalties, and help ensure that our country’s long road back to economic recovery is built quicker and made smoother thanks to a steady stream of reliable, affordable energy.
No other country in the developed world has even considered locking its abundant resources away. America alone has decided to forego hundreds of thousands of new jobs, billions in additional revenue, and a generation's worth of affordable energy, thanks to an offshore energy ban that disproportionately affects the most, those with the least. Although that ban is no longer operable, no energy can be produced without a forward-looking, supply-oriented five-year energy plan.
Therefore, I respectfully ask that the MMS proceed with their 5-year plan and include all the areas outlined in the Draft Proposed Program. Further, MMS should continue aggressive leasing in open areas and not subject new leases to any additional environmental restrictions.
Sincerely,
Dr. Chris Albritton
Abilene, TX
See more at: http://www.freeourenergy.com/
Wednesday, March 25, 2009
Obama's Socialist Budget Proposal
Dear Senator Hutchinson,
Please take a stand AGAINST President Obama’s socialist budget proposal.
In his press conference on Tuesday night, the President tried to clarify why massive government spending and saddling America with unprecedented levels of debt are justified. He said that his administration needs to make some "tough budgetary choices", but the overall budget proposal is the largest in the history of the world. He tried to make America think that if his agenda is not passed, there will be "zero growth" in the economy. I don’t believe that, and most of the Texans I know don’t believe that.
Obama’s budget will increase the National Debt $7 trillion over the next 10 years. Under this budget, America will reach the point where it is paying more each year on the interest to the national debt than it is paying for national defense.
We simply can't keep borrowing and borrowing. We can't let Obama take us down the path to socialism.
I want Republicans to come up with a better budget proposal......one that CUTS GOVERNMENT SPENDING.
But in the meantime, we absolutely MUST defeat Obama’s Socialist Budget Proposal...!
Please take a stand AGAINST President Obama’s socialist budget proposal.
In his press conference on Tuesday night, the President tried to clarify why massive government spending and saddling America with unprecedented levels of debt are justified. He said that his administration needs to make some "tough budgetary choices", but the overall budget proposal is the largest in the history of the world. He tried to make America think that if his agenda is not passed, there will be "zero growth" in the economy. I don’t believe that, and most of the Texans I know don’t believe that.
Obama’s budget will increase the National Debt $7 trillion over the next 10 years. Under this budget, America will reach the point where it is paying more each year on the interest to the national debt than it is paying for national defense.
We simply can't keep borrowing and borrowing. We can't let Obama take us down the path to socialism.
I want Republicans to come up with a better budget proposal......one that CUTS GOVERNMENT SPENDING.
But in the meantime, we absolutely MUST defeat Obama’s Socialist Budget Proposal...!
Monday, March 23, 2009
Obama's MASSIVE Budget
Dear Senator Cornyn,
I urge you to reject President Obama's budget, which taxes and spends at a rate that Americans like me today, and my children and grandchildren tomorrow, simply cannot afford.
The nonpartisan Congressional Budget Office (CBO) has predicted that the Obama budget would push the federal deficit to a mind-numbing $1.85 trillion this year and pile up $9.3 trillion in deficits over the next decade, on top of the existing $11 trillion national debt. CBO called these deficits "unsustainable."
What's more, the President's budget would impose a whole host of new and higher taxes just as our economy is struggling to emerge from its current recession. The $636 billion income tax increase on individuals and small businesses would discourage entrepreneurship and stifle job creation. The plan for a cap-and-trade energy system would raise the costs of electricity, gasoline, and other products and services that I purchase. I've seen estimates that this so-called "light bulb tax" could cost American families as much as $3,100 annually!
I also understand that the House and Senate leadership are considering a parliamentary maneuver, called "budget reconciliation," to stifle debate on the President's budget and ram through its controversial policies on energy and nationalized healthcare. Such far-reaching changes to our economy and society merit time for careful debate and consideration, not only within the halls of Congress but also among Americans like me. I urge you to oppose any such anti-democratic maneuver.
We cannot continue on our current course of taxing, borrowing, and
spending. America needs a budget that cuts spending, promotes fiscal
responsibility, and encourages economic growth. President Obama's budget advances none of these goals.
Sincerely,
Dr. Chris Albritton
2533 Woodlake Dr
Abilene, TX 79606-4301
I urge you to reject President Obama's budget, which taxes and spends at a rate that Americans like me today, and my children and grandchildren tomorrow, simply cannot afford.
The nonpartisan Congressional Budget Office (CBO) has predicted that the Obama budget would push the federal deficit to a mind-numbing $1.85 trillion this year and pile up $9.3 trillion in deficits over the next decade, on top of the existing $11 trillion national debt. CBO called these deficits "unsustainable."
What's more, the President's budget would impose a whole host of new and higher taxes just as our economy is struggling to emerge from its current recession. The $636 billion income tax increase on individuals and small businesses would discourage entrepreneurship and stifle job creation. The plan for a cap-and-trade energy system would raise the costs of electricity, gasoline, and other products and services that I purchase. I've seen estimates that this so-called "light bulb tax" could cost American families as much as $3,100 annually!
I also understand that the House and Senate leadership are considering a parliamentary maneuver, called "budget reconciliation," to stifle debate on the President's budget and ram through its controversial policies on energy and nationalized healthcare. Such far-reaching changes to our economy and society merit time for careful debate and consideration, not only within the halls of Congress but also among Americans like me. I urge you to oppose any such anti-democratic maneuver.
We cannot continue on our current course of taxing, borrowing, and
spending. America needs a budget that cuts spending, promotes fiscal
responsibility, and encourages economic growth. President Obama's budget advances none of these goals.
Sincerely,
Dr. Chris Albritton
2533 Woodlake Dr
Abilene, TX 79606-4301
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