johnwaltzforcongress.com

Reducing the Burden of Debt we Leave Future Generations

In these tough economic times, every American is trying to find ways to trim their budgets, which our government needs to start focusing on as well. Republicans complain about spending on new programs created to help us get our country back on her feet, yet they do not acknowledge their own responsibility for eight years of unprecedented spending and government growth in history.

I stand with Senator Russ Feingold in finding ways to reduce our deficit and eliminate government waste by supporting the Control Spending Now Act, which will reduce our deficit by over $500 billion. Some of the measures that we can reduce waste that is contributing to our nation’s deficit includes:

• Ending the Wall Street bailout and saving the additional funds left over will save $244.5 billion
• Considering many Americans are out of work and many more are not seeing pay raises or adequate hours, automatic raises given to members of congress should be abolished, which will save $80 million over 10 years
• Lowering the cost of prescription drugs through drug reimportation will save $50 billion over 10 years
• Redirecting Medicare prescription drug assistance to those who need it the most will save $10 billion over 10 years
• Eliminating taxpayer subsidies for exporters will save $3.35 billion over 10 years
• Helping small to mid-sized farmers by getting rid of farm subsidies for individuals with high incomes will save $1.036 billion over 10 years
• Eliminating wasteful defense spending on the C-17 not needed by the Department of Defense and finding an alternative to the unsafe V-22 Osprey will save over $14 billion