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The Tea Party Budget

A Comprehensive Ten-Year Plan to Stop the Debt, Shrink the Federal Government, and Save Our Country!  A credible plan that cuts government spending by at least $9 trillion and balances the budget within 10 years.

Freedom Works

Findings and Recommendations of the Tea Party Debt Commission:

(Download the PDF Here)

 

Join the Tea Party Budget Coalition Here!

 

 

Penny Plan: One Percent Spending Reduction Act


The Senator Mack "Penny Plan" balances the budget by:

    · Cutting total federal spending by 1% each year for six consecutive years,

    · Setting an overall spending cap of 18 percent of gross domestic product in 2018,

    · Reduces overall spending by $7.5 trillion over 10 years.

If Congress and the President are unable to make the necessary cuts, the bill’s fail-safe triggers automatic, across-the-board cuts to ensure the one percent reductions are achieved.

penny

To read a summary of the plan, CLICK HERE

 penny

To read the bill, CLICK HERE

 

Back in Black: A Deficit Reduction Plan

Dr. Coburn's plan to reduce our nation's long-term deficit saves roughly $3 trillion from entitlements, $3 trillion from discretionary and other accounts, $1 trillion in defense, $1 trillion from ending some spending in the tax code, and about $1 trillion in interest costs. This plan would gradually reduce the size of government by about 25 percent and balance the budget within ten years. 

Back in Black

To read the full report, CLICK HERE.... (note: very large file)

For a section-by-section reading of Back in Black, CLICK HERE

 

 

Ryan Budget Plan: A Federal Deficit Reduction Plan


Rep. Paul Ryan's plan is a total budget plan, achieving three key objectives:

▫ Providing Health and Retirement Security. The plan ensures universal access to health insurance; and it rescues and strengthens Medicare, Medicaid, and Social Security – allowing them to fulfill their missions and making them permanently solvent. 

▫ Lifting The Debt Burden. It returns Federal spending growth to sustainable rates, and lifts the huge projected debt burden from the shoulders of future generations.

▫ Promoting American Job Creation and Competitiveness. It promotes solid, sustained economic growth and job creation here in America, and puts the United States in a position to lead – not merely survive – in the global marketplace. The plan also modernizes job training programs to meet the effects of globalization.

To read a summary of the plan, CLICK HERE

To view the entire plan, CLICK HERE

 

 

Illinois Policy Institute: Budget Solutions 2012


 

The nonpartisan Illinois Policy Institute has proposed an alternative, which: 

  • Does not rely on recent tax increases as revenue sources

  • Does not include any borrowing to pay debt or general expenses

  • Has positive cash flow for fiscal year 2012

  • Reforms Medicaid

  • Competitive Grant Funding

  • Right-Sizes Education Funding

 

pdf icon To view the entire plan, CLICK HERE

 
Stephenson County Tea Party © 2012