Keep the Caps
Lee Schalk from the National Taxpayer Union and Advance Arkansas Institute’s Dan Greenberg spoke recently in Little Rock about the impact of sequestration caps on the federal budget.
The stunning fact was this: If we keep the sequester cuts in place, America can balance her budget by 2016.
Schalk emphasized that the ongoing budget sequester has brought federal spending down from $3.6 trillion in 2011 to $3.45 trillion in 2013.
But, as Schalk pointed out, we all know the federal government is still awash in waste and excess spending. Recent examples include:
- $25,000 to the Alabama Watermelon Association to promote watermelon consumption and appearances by the Alabama Watermelon Queen
- $11,700 on 13 sno-cone machines in Michigan
- $750,000 for a soccer field for detainees at Guantanamo
- $300,000 to Arrowhead Potato Co. in Idaho to increase the “traceability” of its products, and a
- $300,000 bailout for the Senate Barbershop
The 2011 Budget Control Act requires Congress and President Obama to keep certain discretionary (and some mandatory) spending within preset limits; otherwise, sequestration or automatic cuts take place.
And, the existing caps and sequestration have slowed the government’s rampant spending growth.
With Washington in gridlock amid the government “shutdown,” it’s up to We the People to keep the cost-cutting pressure on our legislators.
Keeping existing sequestration caps will help control the rate of spending past the end of this decade.
Tell your legislators to #KeeptheCaps