THE GOP'S ALTERNATIVE BUDGET
April 1, 2009
Today, the House of Representatives will consider two budget plans that represent dramatically different visions for our nation's future. It will first consider President Barack Obama's plan which vastly expands federal spending and will bring about a fiscal tidal-wave of red ink, says Paul Ryan, from Wisconsin, the ranking Republican on the House Budget Committee.
House Republicans will offer an alternative plan that seeks to preserve our system of protecting natural rights and equalizing opportunity for all. The plan works to accomplish four main goals: 1) fulfill the mission of health and retirement security; 2) control our nation's debts; 3) put the economy on a path of growth and leadership in the global economy; and 4) preserve the American legacy of leaving the next generation better off.
Here's an outline:
- The Republican budget achieves lower deficits than the Democratic plan in every year, and by 2019 yields half the deficit proposed by the president.
- By doing so, it controls government debt: Under this plan, debt held by the public is $3.6 trillion less during the budget period.
- The Republican budget gives priority to national defense and veterans' health care.
- It freezes all other discretionary spending for five years, allowing it to grow modestly after that.
- It also places all spending under a statutory spending cap backed up by tough budget enforcement.
- The Republican budget lays a firm foundation to position the United States to meet three important strategic energy goals: reducing U.S. dependence on foreign oil, deploying more clean and renewable energy sources free of greenhouse gas and supporting economic growth.
- The budget accomplishes these things by rejecting the president's cap-and-trade scheme, by opening exploration on our nation's oil and gas fields, and by investing the proceeds in a new clean energy trust fund, infrastructure and further deficit reduction.
- The Republican budget also takes steps toward fulfilling the mission of health and retirement security, in part by making these programs fiscally sustainable.
- The budget moves toward making quality health care affordable and accessible to all Americans by strengthening the relationship between patients and their doctors, not the dictates of government bureaucrats.
Source: Paul Ryan, "The GOP's Alternative Budget; President Obama offers us the option of European big government," Wall Street Journal, April 1, 2009.
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