There’s no doubt about it: Washington has a spending problem.
Annual spending has increased 19 percent since 2008 to $3.6 trillion – and will reach $4.7 trillion in just ten years. Meanwhile, the national debt – at $16.7 trillion and growing – exceeds the size of the entire economy and is crushing growth and job creation.
Unfortunately, Americans are still waiting for a budget blueprint from President Obama almost two months after the legal deadline. As a result, Congress kicked off the budget process first – for the first time in nearly a century.
The president’s own budget office has made more than 200 recommendations for finding savings through making government more efficient. And the Government Accountability Office (GAO) has identified 51 areas where programs were inefficient, ineffective, and overlapping – leading to billions in wasted taxpayer dollars.
In the wake of sequestration, the president and his administration have warned that a number of essential services will be cut, taking a toll on the nation’s economy and public safety. Washington should be able to find 2.4 percent in spending reductions in a smart and efficient manner.
Republicans want to grow jobs – not the size of government. We don’t need higher taxes to pay for more wasteful spending. We need to take a close look at the way the federal government spends your hard-earned taxpayer dollars and cut wasteful spending.