Congressional Republicans are laying out up to $100-billion in proposed spending cuts in the current federal budget. Nebraska Congressman Adrian Smith calls it a first step in cleaning up an enormous fiscal mess.
Smith says that 100-billion in cuts is still on track for bringing, in his words, unprecedented reductions to the budget. He calls the cuts “real cuts” and not just reductions in growth, which are hitting some areas of the budget for the very first time.
Smith says he believes there is the political will to stick with the cuts. Smith says the American people are so concerned about the country’s fiscal health that they’ll go along with bold cuts, as government spending can’t be viewed as a way to improve the economy.
He says it has become clear that the economic stimulus package which was passed one month after President Obama took office did nothing to help the economy.
Critics also claim the budget plan for Fiscal Year 2012 that was presented Monday by President Obama would balloon the federal debt from today’s $14-trillion to more than 26-trillion over the next decade.
Jerry Oster, WNAX, Yankton