This is seriously ridiculous. The congressional super committee can't figure out a way to cut a measly $1.4 trillion from the federal budget. For real?! Ugh! Talk about low achievers.
I don't see why they don't just talk to the Tea Party. I mean, those people have figured out a way to cut nearly $10 trillion. And they did it without even breaking a sweat. And it was so simple!
All they'd have to do — according to the plan that they just released — is demolish the Departments of Energy, Housing and Urban Development, Commerce and Education. And then hand over the EPA, Fannie Mae, Freddie Mac and TSA to the free market.
And then kill Obamacare as well as all congressional earmarks, and end all farm subsidies and foreign aid to most of the world. And then murder all the student loan programs (but that's just mostly for fun). And then do a whole bunch of other stuff. Easy peasy…
Their plan would cut spending by $9.7 trillion, and shrink the federal government from 24 percent of GDP to 17.5 percent, in line with the post-war norm…
"Imagine a plan that cuts, caps, and balances federal spending without raising taxes; that gives future generations control over their own retirement security; and that lifts the massive debt burden from our children's shoulders so they can know the American dream of ever-higher freedom and prosperity. And on top of all that, imagine that it's a serious, credible, plan generated by the grassroots. This is that plan," said the report.
Hmmmmm… I can imagine that. I can actually imagine it in pretty specific detail. Exciting and flashy! Gives me a kind of warm feeling.
"Go bold or go home," says the report from the Tea Party Debt Commission.
Just to be clear, when you say "home," do you mean the apartment I can barely afford now or the cardboard refrigerator box I'll be moving into?
Photo by Mark Wilson/Getty Images News/Getty Images
Tags: Debt, Education, Energy & Oil, Money, Tea Party