We Can Have A Federal Spending Cap: No matter what it takes, Mr. Speaker

American Thinker ^ | 01/25/2023 | Anony Mee

[SeekAndFind]

When We the People get to the point in our personal finances where we are at risk of not even being able to pay the interest on our credit cards and loans, that’s a wake-up call at the cliff’s edge of bankruptcy. Most of us never get there. When we do, it’s time to

(1) stop spending and

(2) get those bills paid down, if not completely paid off.

Such personal responsibility needs to be manifest at our national level too. It’s time to stop funding every seemingly good idea that comes along. Fiscal restraint is required.

We need a spending cap, one that comes with such strong cables attached that they cannot be sawn through. The spending cap must contain reductions by a fixed percentage every year for the next ten years. If the debt ceiling must be raised this year, then that raise must only be by the barest amount to allow six months for addressing necessary reductions in both spending and interest rates to bring the annual deficit down to below zero.

But never again. No more spending more than we reasonably expect to have on hand. And no more spending to the point where we have no cushion for emergencies.

In fact, realized revenues should exceed planned expenditures to such a degree that the surplus can bring our national debt down from its current $31+ trillion. When there is a budget surplus, we need a provision in the law that those funds cannot be spent on anything but debt reduction until there is no more national debt.

We won’t get there by raising the minimum wage thinking that then we’ll have more wages to tax. The opposite is true. Since the imposition of the federal minimum wage, the true minimum wage has remained the same—zero.

[BenLurkin]

Eliminate HUD, HHS, and the department of education.

[Fungi]

Eliminate base line budgeting, freeze federal hiring and reduce all federal departments by 10 percent per year until we have a surplus on the federal books. Why not eliminate agencies that have no purpose beyond their existence. The Legal Services Corporation sued Congress for threatening to terminate funding and WON! Midnight basketball, and a plethora of other agencies need to be abolished.

The American monetary system is worthless and eventually will fail. These people really think we're going to repay a 30 trillion fiat money debt? STOP THE SPENDING!!!!

[Taxman]

Ping

[cableguymn]

And the fbi

[keving]

This is easy, don’t fully fund the FBI, the Archives, the treasury, and other countries that continue send drugs and illegals to the US. Don’t fund them for a month and only pay monthly payments saving 1/12 of the original budget.