While we as fiscal, social and foreign policy conservatives have differing priorities, we can certainly find immediate savings in the discretionary budget. Programs that benefit only a few – agriculture subsidies, green energy handouts, Planned Parenthood, etc. – have at least the appearance of cronyism and special interest handouts. Savings, starting in year one, would have a major impact in getting on a path towards balance by driving down interest costs in the future.
Ten years is not a random horizon, but the traditional congressional budget window. Nor is this demand the result of mere whimsy—it is a moral obligation. No American should have to tell an 8-year-old child that we cannot get our nation’s house in order by the time she goes to college. There are many ways to get to a balanced budget and both Democrats and Republicans have an obligation to explain what path they will choose.
During the last budget debate, senators put forward three budgets that balanced, including one from Utah Sen. Mike Lee that was based on the Heritage Foundation’s own plan. With a few tweaks, we are convinced that Congressman Paul Ryan’s budget could also balance in ten years.
And they all balanced without raising taxes.