Cut Spending to Restore Fiscal Balance

THE WRONG DIRECTION:

David Price supports President Obama's unprecedented $3.8 trillion budget, with an expected $1.6 trillion one-year deficit.

The national debt is growing exponentially, most recently topping $12.5 trillion.

President Obama's budget inexplicably ignores $6.3 trillion in liabilities from the government's takeover of Freddie Mac and Fannie Mae.

We have an unsustainable long-term entitlement burden of over $100 trillion for Social Security and Medicare.

Our federal government's balance sheet and income statement are a disaster, and by any GAAP analysis would render us insolvent.

Contrary to the beliefs of establishment politicians and neoliberal economists, government spending cannot indefinitely stimulate a debt-saddled economy. Debt-financed government spending is economic amphetamines -- it might give you a jolt at first, but eventually a growing need for higher dosages destroys the economy.

TOWARDS AN OPTIMISTIC FUTURE:

Facing an unsustainable burden of escalating debt and spending, we must heed the following wise advice:

"When you find yourself in a hole, stop digging."

It is mathematically impossible to borrow and spend our way to prosperity. We cannot cure our government's alcoholism with another drink. Our ratio of debt to GDP continues to deteriorate, and we are reaching a dangerous point where adding additional debt actually decreases economic activity.

As your Congressman, I will insist on a federal government that lives within its means, and its constitutional mandates. It is essential that we lower taxes to restore prosperity -- and the key to reducing our taxes is to address our spending problem.

I will address spending by rolling back the welfare and warfare state that has grown to dominate our economy over the past fifty years. We cannot build nations overseas when we are falling apart at home.

I will fight to end corporate welfare, and streamline or eliminate federal departments whose mission and effectiveness are questionable at best. Finally, we must end failed social experiments like the "War on Poverty" and "War on Drugs", and bring the imperative to help our neighbors and manage the scourage of addiction back to the state and local level.