The One Percent Spending Reduction Act of 2011” (H.R. 1848) provides an understandable and enforceable common sense solution to our current budget/deficit dilemma.
It requires that a hard cap of the 2011 total expenditures be put in place with requirement to reduce Federal spending in each department by one percent. This process would continue for five years and after that, the budget would be balanced and total government expenditures capped at 18% per year. In other words, DOD would be cut by one percent each year (end the Libyan war?) , farm subsidies would similarly have to be reduced (cut support for corn based gas?), Foreign Aid would be trimmed by one percent, Congressional staffs and travel budget would have to be reduced by one percent – the same for the White House.
Very few of us have never gone through a time when we did not have to trim our household budgets by much more than one percent. The same for any company we have worked for. If outgo was more than income, we cut. It’s time for our government to do the same.
Here is a link to Congressman Connie Mack’s website giving a brief overview of the bill – he is the primary sponsor and there are now over 40 co-sponsors.
http://mack.house.gov/index.cfm?p=Ar...2-eeac569510d9
Here is a link to HR 1848 as listed in’Thomas’.
http://thomas.loc.gov/cgi-bin/bdquery/z?d112:h.r.1848:
Take a look at them and see if you do not agree with the ideas presented.