On Monday, The Heritage Foundation released its new Blueprint for Balance, a guide Congress can use both to reduce taxes and prioritize national defense. The Blueprint would balance the budget in 10 years, reduce spending by $10.8 trillion over 10 years, and reduce publicly held debt as a percentage of GDP to 61 percent.
“Recognizing that America will be strong only if she is on financially sound footing, our experts recommend important reforms to the biggest government programs in the budget, from Social Security to health care, to protect the most vulnerable, deliver better services at lower cost, and return control of personal decisions from the Washington bureaucracy to the American people,” said Heritage Foundation President Kay Coles James to The Washington Times.
Read more about the Blueprint on The Daily Signal.
With the total national debt exceeding $22 trillion, it is imperative that lawmakers control spending. In the coming weeks and months, Congress will be forced to confront both the debt limit and the future of the Budget Control Act discretionary spending caps. Read how the Blueprint for Balance can help lawmakers do this the right way: Skyrocketing Debt Too Important to Be Paired With Spending Deal
How do you think the national debt will impact 2020?