◼ American shoppers aren’t the only ones getting ready to spend big this holiday season.
In Washington, members of the budget conference committee are considering several options that could increase spending by up to an additional $100 billion.
What’s standing in their way is sequestration: the automatic spending cut mechanism President Obama signed into law with the Budget Control Act (BCA). Sequestration enforces spending caps on the discretionary budget, which includes those domestic programs that brought you the infamous IRS Star Trek parody video and the $325,000 RoboSquirrel....
Instead of spending even more of taxpayers’ money, lawmakers should address future debt by controlling the growth in entitlement spending, sticking to the Budget Control Act, and enforcing lower levels of spending. If the committee fails to begin solving America’s entitlement problem, this means spending and debt will continue to go up and harm the opportunities of all Americans.
The credit card has been maxed out too many times already. This is the season to curb Washington’s spending spree.
