MEMO FOR THE
MOVEMENT
IT’S THE SPENDING, STUPID!
RE: Congress left town without passing a
budget; the country kept losing jobs during “Recovery Summer;” and
President Obama admitted there are no such things as “shovel ready”
projects-but the excessive spending by the federal government
continues.
ISSUE-IN-BRIEF: Listed below are 10 specific
spending cuts that Congress can get to work on when it returns.
Many, many more spending cuts have been recommended by a variety of
budget experts-but here is a start:
1. Repeal ObamaCare
Save taxpayers over $1 trillion dollars.
Only six months after implementation, the new health care law
has proven to be a bureaucratic nightmare that has already raised
insurance premiums and forced some insurers to cancel coverage
plans. A clear majority of the American people have made it clear
that they oppose this unconstitutional law that diminishes the
quality of health care while increasing its cost.
2. Completely End TARP
Save taxpayers roughly $16 billion. [ii]
All banks should face the consequences of their actions.
Taxpayers should not be forced to bailout banks that engaged in
risky behavior. By canceling TARP once and for all, taxpayers will
be saved billions of dollars.
3. Reduce Government Employment to 2008 Levels
Save taxpayers $35 billion over the next 10 years.
Since 2008, federal government employment has grown by 188,000
(excluding temporary Census workers.) Meanwhile, the private sector
has lost over 7.9 million jobs. [iii] Taxpayers in the private
sector cannot afford to pay for the excessive number of government
employees that do not perform necessary functions of government.
The federal government should institute policies to reduce the
workforce to 2008 levels.
4. Freeze Federal Pay
A pay freeze would save taxpayers $5 billion annually.
With benefits included, the average federal government employee
is paid $123,049—while the average private sector employee
receives only $61,051 annually. After adjusting for inflation,
federal employee wages increased 36.9 percent while private sector
wages rose only 8.8 percent since 2000.= In order to restore fiscal
sanity, the number of federal government employees should be frozen
until the budget is balanced.
5. Sell Excess Federal Property
Save taxpayers up to $15 billion.
According to the Office of Management and Budget, the federal
government is holding on to $18 billion in property that it does
not need. Requiring the federal government to sell excessive
property could potentially save taxpayers billions of dollars.
[vi]
6. End Tax-Payer Funding and Subsidizing for Abortions
Domestically & Overseas
Save Taxpayers $739 million
President Obama rescinded the Mexico City Policy, allowing tax
dollars to flow to groups that promote abortion under the category
of International Family Planning. In FY 2010 $648.5 million was
appropriated for this effort. Additionally, in FY 2009 federal
funds were awarded to well known abortion advocacy organizations
such as the Guttmacher Institute, Planned Parenthood Federation of
America, SEICUS, and the Population Council.
7. Privatize Fannie Mae and Freddie Mac
Reforming Fannie and Freddie Mac could save taxpayers at least
$30 billion.
So far, taxpayers have been forced to spend $145 billion to
bailout the irresponsible actions of Fannie Mae and Freddie Mac.
Action must be taken immediately to privatize the current
government sponsored mortgage-backing companies. If Congress delays
reforming Fannie and Freddie Mac, taxpayers will likely be on the
hook for billions more dollars.
8. Eliminate Subsidies for Amtrak
Save taxpayers $202 million a year.
Despite the fact that the majority of trains remain fairly
empty, government-run Amtrak runs an abundance of trains daily. In
fact, Amtrak actually loses money on most of its train routes.
Taxpayers are forced to pay $32 per Amtrak passenger to make up for
these losses. Yet riders still complain regularly about spotty
Amtrak service and frequent delays. The private sector could likely
provide a better quality train service at a lower cost.
9. End Energy Subsidies
Save taxpayers $20 billion a year.
Over the last 30 years, energy subsidies have failed to produce
any promising results. The private sector is fully capable of
investing in energy technology. Unfortunately, government subsidies
have crowded out private investment in energy. While it may take
some time, the private sector has already begun to produce more
efficient energy sources.
10. Reduce Federal Farm Subsidies
Completely ending the peanut & sugar subsidies would save
taxpayers $1.3 billion annually.
Federal farm subsidies are America’s largest corporate welfare
program costing taxpayers more than $245.2 billion since 1995.
Despite the claims that farm subsidies go to struggling family
farmers, two-thirds of farm subsidy checks go to the wealthiest 10
percent of farmers. It is hard to justify that taxpayers should be
forced to pay for the hobby farms of rich celebrities such as David
Rockefeller, Ted Turner, or Scottie Pippen.
CONSERVATIVE ACTION
PROJECT
Duane Parde, President, National Taxpayers Union
Lewis K. Uhler, President, National Tax Limitation Committee
Tom Schatz, President, Council for Citizens Against Government
Waste
Wendy Wright, President, Concerned Women for America
Edwin Meese III, former Attorney General
Karen Kerrigan, President, Small Business & Entrepreneurship
Council
Tony Perkins, President, Family Research Council
Virginia Thomas, President, Liberty Central
Mario H. Lopez, President, Hispanic Leadership Fund
Grover Norquist, President, Americans for Tax Reform
Susan Carleson, Chairman & CEO, American Civil Rights
Union
William Wilson, President, Americans for Limited Government
Michelle Easton, President, Clare Boothe Luce Policy
Institute
Bill Pascoe, Executive Vice President, Citizens for the
Republic
Andrea Lafferty, Executive Director, Traditional Values
Coalition
David Y. Denholm, President, Public Service Research
Foundation
Ron Robinson, President, Young America’s Foundation
Dino Teppara, Chairman, Indian American Conservative Council
Mathew D. Staver, Founder & Chairman, Liberty Counsel
Becky Norton Dunlop, former Assistant Secretary of Interior,
Reagan Administration
Herman Cain, President, The NEW Voice, Inc.
Myron Ebell, President, Freedom Action
James Martin, Chairman, 60 Plus Association
J. Kenneth Blackwell, former Treasurer, State of Ohio
Tom Winter, Editor-in-Chief, Human Events
Brent Bozell, President, Media Research Center
Rev. Lou Sheldon, Chairman, Traditional Values Coalition
Alfred Regnery, Publisher, American Spectator
Marion Edwyn Harrison, Past President, Free Congress
Foundation
Richard Viguerie, Chairman, ConservtiveHQ.com
(All organizations listed are for identification purposes
only)
FOR ADDITIONAL INFORMATION ON PROPSED BUDGET CUTS
PLEASE VISIT THESE WEBSITES:
http://www.freedomworks.org/issues/budget-spending
http://www.americansforprosperity.org/issues/spending
http://www.american.com/archive/2010/october/taxes-and-presidential-math
http://www.heritage.org/Issues/Budget-and-Spending
http://www.gop.gov/solutions/budget
http://mikepence.house.gov/index.php?option=com_content&view=article&id=3946&Itemid=109
http://www.roadmap.republicans.budget.house.gov/
http://republicanwhip.house.gov/youcut/
http://policy.house.gov/files/PAYGO.pdf
http://rpc.senate.gov/public/index.cfm?p=TaxesSpending
http://rsc.tomprice.house.gov/PolicyAnalysis/
http://www.cagw.org/reports/prime-cuts/2010/2010-prime-cuts.htm
http://www.gao.gov/new.items/d10533r.pdf
