- The Foundry: Conservative Policy News from The Heritage Foundation - http://blog.heritage.org -

DeMint on CNBC: We Need a Balanced Budget in 10 Years (VIDEO)

Posted By Amy Payne On February 27, 2013 @ 9:52 pm In Featured | Comments Disabled

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.”

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2013/02/27/demint-on-kudlow-balanced-budget-and-sequestration/

Copyright © 2011 The Heritage Foundation. All rights reserved.