End Wasteful Government Spending
The American people are fed-up with their leadership in Washington, and rightly so. In recent history, both parties in Congress have failed to satisfy these two, basic principles.
The problem is, Washington has never made it a priority to live within its means and that’s the first thing I intend to change.
Today, the difference between what the government is earning and what the government is spending has never been greater in history. Greece’s current debt-crisis was brought on by a debt-to-GDP ratio of 115%, by comparison our 20 year budget projections put our debt-to-GDP ratio at 140%. In fact, by the end of this decade, our annual interest payments alone are projected to exceed $700 billion per year. This means:
- Our interest payments at the end of this decade will be larger than any of our entire federal budgets before 1978.
- The increase in cost of interest payments between today and the end of the decade – a $500 billion increase – is more than the combined cost of the budgets for education, energy, homeland security and the wars in Iraq and Afghanistan.
That’s why we must immediately:
- Stop the out of control spending. This is America; government spending should not exceed a quarter of our entire economy.
- Force the government to – like any family or business – actually find ways to save pennies on the dollar. I know we can, we just haven’t had leaders willing to make it a priority.
No problem is so great that we as Americans can’t overcome it with our hard work and ingenuity. But we need leaders in Washington willing to make the tough decisions and prioritize this looming problem, instead of continuing to spend taxpayer money with utter disregard for common-sense.
