STOP, CUT & FIX
A SIMPLE PLAN TO REDUCE SPENDING AND PROVIDE CERTAINTY
Washington is driving America toward an economic cliff. Our national debt is over $19 trillion.
Within 15 years:
- The national debt will double
- Social Security and Medicare will be bankrupt
- Interest payments to lenders—including foreign countries—will more than triple
The country is headed toward bankruptcy and hardworking Americans will pay the price.
We’re here because Congress has broken its promises on spending. Unless we change our trajectory, hardworking Americans will no longer have the opportunity to earn success. It’s time for a responsible appropriations plan that will cut spending, check the power of Washington, and provide economic certainty for years to come.
Congress can take the first steps toward fiscal sanity by doing three simple things:
1. STOP BUDGETING BY CRISIS.
End the cycle of budgeting by crisis by passing a long-term appropriations spending bill.
2. CUT FEDERAL SPENDING.
Lock real spending cuts into place no matter who becomes the next president.
3. FIX OUR BROKEN BUDGET PROCESS.
Change budget rules that encourage higher spending and return to a regular order process.
WHAT ARE THE BENEFITS OF A TWO-YEAR CONTINUING RESOLUTION?
END THE CYCLE OF BUDGETING BY CRISIS:
Budgeting by crisis over the last four years has led to higher spending, political stagnation, and fiscal uncertainty. This plan will end that cycle and provide a clear path forward.
CUT DISCRETIONARY SPENDING:
This plan will ensure that discretionary spending cuts promised under the Budget Control Act over the next two years will actually happen.
PROVIDE BUDGET CERTAINTY:
Providing discretionary funding for the government through Fiscal Year 2018 will provide two years of budget certainty and allow Congress to focus on bigger issues.
LOCK-IN BILLIONS IN TAXPAYER SAVINGS:
Taxpayers have been promised $152 billion in savings over the next two years. This plan will protect those savings and keep Washington from using a crisis to break its promise.
CLEAR THE WAY FOR BUDGET REFORM AND REGULAR APPROPRIATIONS PROCESS:
A two-year CR will give Congress the room to undertake much-needed budget reform and have a regular appropriations process for FY 2018.
PROVIDE FLEXIBILITY FOR PRIORITIZATION:
A two-year CR will still allow Congress to adjust funding levels, spend in emergencies, and adjust defense spending to address threats, without the looming threat of a shutdown.
FOCUS ON THE DRIVERS OF OUR DEBT:
By providing certainty for appropriations, Congress will be free to focus on the real driver of our debt—mandatory spending that consumes 70 percent of the budget.
FORCE THE NEXT PRESIDENT TO LIVE WITHIN A BUDGET:
A new president may be inclined to increase appropriations spending above the caps set in law. This would help to restore Congress’ power of the purse.