Three out of four families live paycheck to paycheck. These hardworking mothers and fathers manage to feed their families, provide for their children and plan for the future while spending within their means. If families balance their budgets, why can’t Washington do the same?
Since President Obama was sworn into office, he and his administration have increased our national debt to an unsustainable $17.6 trillion. As the national debt continues to mount and our weak economy attempts to rebound, everyone agrees Washington must change course. Sadly, only a few are brave enough to make the tough decisions necessary to preserve opportunities for future generations.
Last month, President Obama submitted his irresponsible budget to Congress, calling for an increase in spending coupled with $1.8 trillion in new taxes. Instead of cutting spending to reduce our skyrocketing debt, the president believes more money should be taken out of hard-earned paychecks and given back to the government.
Even worse, the president’s proposal will never balance.
House Budget Chairman Paul Ryan unveiled a plan of action earlier this month that restores America’s greatness and puts us on a path to prosperity.
The House Republican vision provides for a strong national defense; reforms entitlements to function as sustainable safety nets instead of creating a culture of government dependency; reforms our tax code to guarantee fairness; and creates jobs by giving small-business owners the economic certainty necessary to begin hiring again.
We also balance our budget in 10 years for the benefit of future generations.
Not only will balancing our budget and reducing spending protect our fiscal security, it also creates jobs and will give our economy the boost it needs to fully recover. If American families make sacrifices to live within their means, the president and his allies in Washington should be required to follow suit.