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Morning Bell: Get To Work On Spending Cuts
Posted By Conn Carroll On November 4, 2010 @ 9:43 am In Entitlements, Taxes & Spending,The Morning Bell | 43 Comments
On October 15, 2008, well after the financial collapse had begun, President Barack Obama promised the American people during the third presidential debate:  “What I’ve done throughout this campaign is to propose a net spending cut.” The verdict is out on how many Americans believed President Obama then, but the verdict is in on his first two years in office: instead of a net spending cut, federal spending has exploded. Since 2008, federal spending has surged from $25,000 to $30,000 per household. And under President Obama’s budget it would reach $36,000 per household by 2020. Even if Congress allowed President Obama’s preferred tax hikes to become law, his budget would double the national debt to more than $20 trillion by 2020.
With these facts in mind, CBS News’ Chip Reid asked  the President yesterday: “Republicans say more than anything else what this election was about was spending. … Do you accept the fact that any kind of spending to create jobs is dead at this point?” The President responded: “I think the American people are absolutely concerned about spending and debt — and deficits.” Good for the President for acknowledging these concerns. But after providing lip service to concerns about spending the President then went on to talk about all the “investments” he wanted to make in supertrains, supercomputers, and Singapore’s airport. The President just can’t help himself: he is addicted to federal spending. And it is the next Congress’ job to make him stop.
Congress must craft a solution for our nation’s long term entitlement spending problems. But our nation’s economy also needs a strong signal that this Congress is serious about cutting spending now. That will let job creators know that their taxes are not destined to be higher. Specifically, Congress must Get to Work  immediately:
Today at 11 AM, Minority Leader Mitch McConnell (R-KY) will give a special address  at The Heritage Foundation (you can watch his remarks live on Facebook, here ). According to his office, Sen. McConnell will make his own spending promise to the American people: “We will vote to freeze and cut discretionary spending. We will fight to make sure that any spending bill that reaches the Senate floor is amendable, so members can vote for the spending cuts Americans are asking for. We will push to bring up and vote for House passed spending rescission bills.”
This is a good start. But it is just that: a start. The conservative movement, the Tea Party, and the American people must be vigilant. We must pay close attention to what this Congress does and be prepared to hold them accountable. That is why The Heritage Foundation has created the Solutions for America: Get to Work  checklist. The first item on the list: Freeze and Cut Spending . This is part of a five part series outlining the five overriding actions, representing the BARE MINIMUM REQUIRED for Congress to fulfill its electoral mandate. You can download and print all of the “Get to Work” fact sheets and checklist, here .
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2010/11/04/morning-bell-get-to-work-on-spending-cuts/
URLs in this post:
 third presidential debate:: http://elections.nytimes.com/2008/president/debates/transcripts/third-presidential-debate.html
 asked: http://www.whitehouse.gov/the-press-office/2010/11/03/press-conference-president
 Get to Work: http://www.heritage.org/Research/Factsheets/2010/11/Get-to-Work-Freeze-and-Cut-Spending
 special address: http://www.heritage.org/Events/2010/11/Mitch-McConnell
 here: http://www.facebook.com/heritagefoundation?v=app_204467681053&ref=ts
 Solutions for America: Get to Work: http://www.heritage.org/Research/Projects/Solutions-for-America
 “no regrets”: http://blog.heritage.org http://abcnews.go.com/Politics/exclusive-house-speaker-nancy-pelosi-interview-diane-sawyer/story?id=12047865
 ban: http://www.fastcompany.com/1699915/no-more-mcdonalds-happy-meals-for-san-francisco-kids
 yet another admission that President Obama’s economic stimulus failed: http://blog.heritage.org http://online.wsj.com/article/SB10001424052748703506904575592471354774194.html?mod=WSJ_hp_LEFTWhatsNewsCollection
 led the nation in employment growth: http://www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110307480.html
 It’s Time To Get To Work: http://www.foundry.org/2010/11/04/video-its-time-to-get-to-work/
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