In 5 Charts and 10 years, How Heritage’s Budget Blueprint Would Clean Up Washington’s
In 5 Charts and 10 years, How Heritage’s Budget Blueprint Would Clean Up Washington’s Mess
You mean it isn't the official leftist democrat narrative of TAX TAX TAX SPEND SPEND SPEND and repeat?
By David Ditch photo: joe biden laughs at what he calls "Stupid Dumbs***s
who keep voting for higher taxes to cover excessive spending by democrat leftists.
The Heritage Foundation’s budget plan would significantly reduce the deficit starting in the first year and reach balance in the 10th year.
--------------------------------------------------It’s no secret that the federal government’s finances are a wreck. Washington has spent too much and added far too much to the national debt for the sake of political convenience and payoffs to well-connected special interests.
We’re now paying a heavy price for years of irresponsible governing, with inflation hitting 40-year highs. Waves of deficit spending are one of the major contributing factors to these economic woes.
And as bad as things are now, the government is only making them worse for our children, who will have to pick up the tab—in the form of vastly higher taxes, a devalued dollar, and shaky national credit—for today’s spending sprees.
Now, more than ever, serious problems require serious solutions.
That’s why on Tuesday, Sept. 6, The Heritage Foundation released its strongest and most comprehensive budget proposal to date. The new Heritage Budget Blueprint contains over 230 policy proposals to save taxpayers trillions, reduce inflationary deficit spending, and put the nation on a path to financial stability.
Over a decade, Heritage’s plan would reduce spending by $15.5 trillion. The following charts should help to provide a clear picture of what this approach would mean.
Congress has run up the nation’s credit card to an obscene degree. As the chart above demonstrates, the current policy course would pile on even more debt.
Although absolute dollar amounts matter, the most important way to measure debt is how it stacks up to the size of the economy. Debt has grown much faster than the economy since 2000 and is on pace to continue to do so indefinitely.
The previous high-water mark for public debt relative to the economy came just after World War II, when Washington had to spend massive amounts to save the free world. Yet, if the current situation is left unchecked, we will far exceed all previous public debt records.
The Heritage budget would significantly reduce the deficit starting in the first year and reach balance in the 10th year. This would make an immediate impact on the relative size of the debt and alleviate the long-term risk of a debt crisis.
Last edited by senor honda; Sep 9, 2022 at 03:32 AM.