There can be no sacred cows because we simply cant allow these dangerous deficits to continue
Texas Insider Report: Washington D.C. U.S. Congressman Kevin Brady (R-Texas) introduced the CUTS Act today that reduces federal spending by $153 billion which he calls a down payment on getting Americas financial books in order.
Many of the savings items were identified by the recent bi-partisan deficit reduction commission. They include shrinking the federal workforce by 10 percent cutting White House and Congressional budgets freezing pay for federal workers and Congress selling excess federal property cutting programs that are obsolete or duplicate others and reducing Department of Defense spending on wasteful procurement.
The bill titled Cut Unsustainable and Top-heavy Spending" also collects unpaid federal taxes from federal workers denies unemployment benefits to millionaires and eliminates programs targeted by both the Bush and Obama administrations.
Our nations budget is out of control. We need to take strong actions today to get it back on track" said Brady. Both Republicans and Democrats on the deficit commission agreed these cuts need to be made so lets make a down payment on restoring our nation to a balanced budget and leaner government."
Brady believes that every federal agency and program including ones he supports can operate more efficiently. Our economy wont grow until businesses and families have some faith that Washington will get their finances in order. I recognize that these are serious savings so I expect serious opposition - but there can be no sacred cows. If someone objects to these cuts then I expect them to substitute another savings of equal or greater value. We simply cant allow these dangerous deficits to continue."
Kevin Brady is the incoming Vice Chairman of the Joint Economic Committee and a senior member of the House Ways & Means Committee.
