In 2008 the federal government spent $2.988 billion. In 2018 the government is projected to spend $4.1 trillion, an increase of 37% in only 10 years. Over that same period the national debt has increased from $9.210 trillion to $20.492 trillion, an increase of 122%. The federal government has a massive spending problem, and we need to cut government spending. I’m not talking the D.C. version of cuts, which are really just reductions to increased spending, but actually reducing spending. Our average deficit over the past 10 years is $795 billion. The treasury recently announced they expect the deficit to exceed $1 trillion in fiscal year 2019. This is unacceptable. Congress is recklessly spending us into another recession, or worse, default. Eventually, the world will stop supporting our debt dependence. When other nations have defaulted on their debt, it was the public who suffered the most.
I don’t believe in making blanket statements about reductions to spending, without giving specifics on where we should make these cuts. I don’t support the government taking more money out of your paycheck. I want you to keep every dollar you can. In order for us to do that, and to have a fiscally responsible government, I prefer budget cuts over increased taxation. I’m also a realist and understand that responsible government means compromising with my colleagues in Congress over some issues, that’s governing. Refusing to work with members of the opposite party and passing legislation with no bipartisan support is dictating. According to isidewith.com 62% of the public believe the government should reduce spending. In NM CD 3 68% say we should reduce spending. When I advocate for reduced spending, I’m simply representing your voice in D.C.
Where some of these cuts should come from:
- Ending the war in Afghanistan and bringing those troops home $45 billion
- DOD modernization and consolidation of duplicative process $25 billion per year over 5 years
- Allowing the military to do a base realignment and closure of excess capacity $2 billion per year
- Ending our global war footprint and refocusing on strategic defense $6 billion per year
- Institute fraud prevention programs and reduce Medicare spending $80 billion per year
- Institute fraud prevention programs and reduce Medicaid spending $60 billion per year
- 25% reduction to the size and scope of the TSA $1.6 billion per year
- Cut farm bill and crop insurance subsidies $15 billion per year
- Cutting food stamps and school lunch program abuse $6 billion per year
- Cutting fraud in Supplemental Social Security $5 billion per year
- Cutting student loan programs $4 billion per year
- Eliminating the FCC’s lifeline program $2 billion per year
- Eliminating the Earned Income Credit $68 billion per year
- Reducing fraud in the Social Security program $2.5 billion per year
- Reducing waste fraud and abuse in the VA programs $8 billion per year
- Reducing unemployment insurance payments $4 billion per year
This is obviously not an exhaustive list, as there are thousands of programs the government pays for. This list has more than $314 billion in reductions, and this is a conservative reduction. In many instances, the amount of the reduction is simply the amount of documented fraud waste and abuse in the program. This is only the start. With a projected deficit of $1 trillion in 2019 total government spending needs to be reduced significantly. These spending cuts in conjunction with reform of the individual income tax code will put us on the path to a balanced budget.