12 Days of Solutions, Day 9: The RSC Budget
Today is Day 9 of the Tea Party Patriots’ 12 Days of Solutions. Rather than look to raise more taxes on the American people while ignoring the facts about the national debt’s burden on our nation – in other words, what Washington is doing – we are outlining a number of ways Washington can actually do its job to improve the economy and balance the budget.
One of the better plans to come out of Washington in years is the Republican Study Committee’s (RSC) budget for the 2013 Fiscal Year. The budget proposal, which balances the budget by 2020, includes tax reform, entitlement reform, empowers states, and repeals the Affordable Care Act.
Here are the highlights:
- The budget repeals the Affordable Care Act in its entirety
- It reduces non-defense discretionary spending, meaning the federal government’s bureaucracies would take less of your money and have less power.
- It makes a number of savings in mandatory spending outside of Medicare, Social Security, and Medicaid, totaling $1.9 trillion over a decade.
- Both Social Security and Medicare would see increases in their respective retirement ages.
- Private competition would be provided in Medicare, letting free market principles lower the exploding costs of the program.
- Medicaid would be block-granted to states, reducing the bureaucratic footprint of Washington and empowering states to have more control as to how best to help their citizens.
- Tax reform is included in the budget – loopholes are cut and rates are lowered.
No budget is perfect, and the RSC budget could improve by cutting defense spending and doing more to make Social Security solvent, among other things. However, the steps it takes are tremendous, especially in comparison to what Washington typically considers “radical” plans. This plan balances the budget far faster than the House Republican budget, and is worlds better than the President’s wishful thinking budget.
Unfortunately, this budget didn’t pass the House due to opposition from both parties. It was and is considered too “radical” for Washington, where putting trillions of debt on the shoulders of your children and grandchildren is the mainstream perspective. Clearly, in the Beltway, moving the federal government within constitutional bounds and balancing the budget in a finite time frame is more radical than saving the next generations from crushing tax hikes and high unemployment as the debt continues to mushroom.
With Washington continuing to act in a way most Americans consider radical, the RSC budget exists in limbo, one of many real solutions establishments from both parties would rather ignore as debt piles up.