• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • DeMint on CNBC: We Need a Balanced Budget in 10 Years (VIDEO)

    All this talk of “spending cuts” in sequestration is forgetting one important point: These aren’t true spending cuts. They are reductions in the rate at which government spending is continuing to grow, said Heritage President-elect Jim DeMint on “The Kudlow Report.”

    He told host Larry Kudlow, “You can see…there’s no cuts in spending. In fact, it will continue to increase at a rather dramatic pace.”

    While President Obama runs around warning everyone of economic devastation, it’s the President’s policies that are truly harmful to the economy, DeMint said. “He’s tried to discredit capitalism over the last four years, and now he’s trying to make a case that the only way to grow the economy is to continue to grow spending.”

    Heritage recommends an approach to budgeting that would set the country back on a prosperous track.

    “We want to see the country on a 10-year path to a balanced budget that creates some financial stability,” DeMint said. “We need some pro-growth policies like good, simple tax reform and entitlement reform to give some certainty out over the next 10 years.”

    Posted in Featured [slideshow_deploy]

    Comments are closed.

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.

    ×