John Thune's Plan to Cut Spending Is a Good Start

November 17, 2010 RSS Feed Print

The GOP is continuing to push back against the Obama-led spending spree from the last two years. It's difficult to do, given that Democrats still have the capacity to pass a continuing resolution to fund the government through the next few months—in lieu of the yearly appropriations bills—that would give them the authority to do much of what they want to do over the next two years even if the Republicans object.

Nevertheless, individual leaders are stepping up to the plate and offering their own ideas to bring down spending. On Tuesday the Senate Republican Caucus approved a resolution introduced by South Dakota Sen. John Thune "to cut federal non-security discretionary spending to fiscal year 2008 levels," a move that, if implemented, would roll back federal outlays considerably.

The effort is part of a larger program Thune has been pushing for some time—to make him, it should be noted, someone to be taken seriously on the list of 2012 presidential possibilities—that would allow spending to increase only at the rate of inflation.

[Read more about the 2012 election.]

"Since 2008, the federal government's discretionary spending has increased by more than 20 percent," the Senate Republican Policy Committee said in announcing acceptance of the resolution. "When the $814 billion stimulus is added in, the total increase jumps to 84 percent. Inflation over that same time amounted to less than two percent. "

"In adopting this resolution," Thune said, "Republicans in the Senate are saying that we are eager to rein in wasteful government spending and have a clear plan for how to do it. Washington's unprecedented spending spree over the past two years has left us with record deficits that threaten our country's long-term strength. This is a common sense start to bringing federal spending back under control."

[Check out an Opinion slide show of the GOP's rising stars.]

Thune's office estimates that the return to 2008 levels would save taxpayers roughly $450 billion over the next 10 years which, while not enough to close the gap entirely, certainly gets the nation's fiscal house turned around and headed in the right direction.

Tags:
John Thune,
2012 presidential election,
deficit and national debt,
federal spending,
democratic party,
politics,
republican party

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I love these arguments about which party is causing us the most grief. The answer is - both. George W. Bush was second only to LBJ in the amount of total deficit increase. Now we have a new contender in the White House. The real question is what we are going to do about it. I fear that we, as a people, are not up to the task ahead of us. It is going to take a lot more that reducing budgets to a 2008 level.

Jim of MI 8:22PM November 18, 2010

John F. Kennedy believed cutting taxes to rich caused them to pay more taxes and it did. Instead of hiding their money from tax collected they invested and created jobs. Rich pay more tax with reduced taxes:

http://www.heritage.org/research/reports/2003/08/the-historical-lessons-of-lower-tax-rates

Bush tax cuts increased tax revenue from rich by 4.6 %:

"the Bush tax cuts actually shifted the total tax burden farther toward the rich so that in 2000-2004, total income tax paid by the top 40% of income-earners grew by 4.6% to 99.1% of the total."

http://www.americanthinker.com/2010/03/lying_about_bushs_tax_cuts.html

All expenses are on the books. Yes war too. Not budget, you said it WRONG. Democrats was for war to. They just forgot it. Ha-ha. Internet remembers their quotes:

http://www.snopes.com/politics/war/wmdquotes.asp

Bush debt is NOTHING compared to debtobama. ALL THE MONEY IN THE WORLD worth...

Bill Hedges of MO 11:32AM November 18, 2010

How is the Obama tax cuts working for you. You know the one from the Stimulus package that the Republicans wanted, but voted against. Big spending, like for the two wars that Bush and the Republican Congress refused to put on the books; so, the deficit didn't look so bad. Yes, and let's keep giving tax cuts to the very wealth because we can keep borrowing from China, India and Japan to pay for them.

The Republicans love the Gilded Age and are pushing the US into second/third world status. Way to Go!

Tree Hugger of CO 10:24AM November 18, 2010

Peter Roff

Peter Roff

Peter Roff is a contributing editor at U.S. News & World Report. A former senior political writer for United Press International, he is currently a senior fellow at the Institute for Liberty and at Let Freedom Ring, a non-partisan public policy organization. His writing has also appeared on Fox News' Fox Forum.

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