Congress should cut spending and rein in the national debt, Heritage Foundation economist Romina Boccia argues in The Hill.
Boccia has three suggestions for the incoming Congress:
- Reform the big three entitlement programs – Medicare, Medicaid and Social Security. Reform should be focused on helping those who are truly in need and discouraging dependence on the government. If nothing is done, 85 percent of spending increases will come from these three programs alone.
- Cut duplicative, wasteful government spending and spending that’s outside of federal authority. Boccia suggests an independent commission charged with finding ways to whittle away at waste and cut back on spending that exceeds the proper scope of the federal government.
- Control spending with firm caps. “Spending caps that limit spending growth to the rate of inflation encourage Congress and federal agencies to operate more efficiently and prioritize spending in the public interest,” she explains.
What spending would you cut first? Tell us in the comments.