Wednesday, April 1, 2009

Finally- an Alternative Budget Proposal

Today's Wall Street Journal carried an article written by Representative Paul Ryan (R-WI). The article clearly articulated, for the first time, an alternative to the $4 trillion budget currently being proposed by the White House (I've stopped referring to President Obama, people just can't stand hearing anything negative in the same sentence as his name).

In short, the newly proposed budget:
1) Drastically cuts government spending (finally, a plan that doesn't increase debt!)
2) Protects Medicaid and Social Security (social cornerstones, but in danger of insolvency)
3) Lowers and simplifies taxes for citizens and businesses
4) Eliminates the Cap & Trade program (carbon credit taxes?! whose terrible idea is that crap?!)

It is almost as if some one's dad sat down and said "Look, we can only spend what we make, so let's see what is most important to us and make sure we pay for those bills first."

I'm all for it. I want everyone to hear about it. We just can't spend our way out of financial trouble. We have to make cuts, and we have to allow individuals to feel some relief in the form of lower taxes. I simply don't trust the government to spend my money in a better way than I can.

Here's the WSJ article link:
http://online.wsj.com/article/SB123854083982575457.html

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