May 14, 2012
Sen. Mike Lee (R-UT) has introduced a budget outline for the federal government based on The Heritage Foundation’s Saving the American Dream plan.
This “unprecedented” budget plan “directly confronts all of the major economic challenges our nation faces,” Heritage President Ed Feulner explains in today’s Morning Bell:
Recognizing that our nation has come to the point where we either change course or risk falling into permanent decline, Senator Lee’s “Saving the American Dream” budget resolution puts forth a framework for strengthening the core principles that make this country exceptional, namely:
- Limiting the size and scope of the federal government
- Reforming our entitlement programs so that they ensure real economic protection instead of unrealistic promises no government can sustain
- Simplifying our complex federal tax code so Americans have greater opportunities to create lasting economic prosperity.
Lee’s plan is a strong blueprint for restraining and ultimately reducing our nation’s massive debt, cutting Washington’s out-of-control spending and above all restoring our nation’s economic prosperity. This is the only way that we can make sure future generations are not saddled with debt that keeps them from having the same opportunity of achieving the American Dream.
Heritage’s Saving the American Dream plan slashes spending, reforms runaway entitlement programs, reduces the debt, balances the budget and reforms the tax code–all without raising taxes or making dangerous cuts to national defense.
What do you think of Lee’s budget?