This Deserves a Closer Look
Oklahoma Senator Tom Coburn and his staff put together a 600 plus page report entitled, “Back in Black.” It is quite obviously a genuinely superb effort to present at least one honest perspective on America’s economic problems and the resulting bloated debt.
Early on in the report, Senator Coburn suggests in the Executive Summary beginning on Page 4, a couple of practical, novel and long past due examples of cutting waste. One in particular jumps out to the reader, “Foreign aid to nations who are making money by loaning the money back to us is cut off.” Plain common sense.
Following, in the next paragraph that I quote in its entirety, he states, “The debt is the real threat to our future and our national security. More than $1.5 trillion is projected to be added to our $14.4 trillion national debt every year for the foreseeable future. These colossal amounts are dwarfed by the $61.6 trillion in additional unfunded obligations promised by the federal government. These commitments include Social Security payments and federal retirement programs, which have been raided by Congress to pay for other programs.”
Senator Coburn goes on to tell us from where he obtained the information provided and the reasoning behind the suggestions for cuts in spending. This report provides perhaps the most detailed deficit reduction plan ever proposed. It is the result of a thorough review of every federal department, agency, program, and mission. It does not rely on gimmicks. It does not postpone spending cuts to future years. It does not defer decisions to commissions or future generations. It provides honest and thoughtful reasons for savings everywhere in the federal government, from entitlement programs to defense spending, and even the tax code, based upon facts rather than ideology or political posturing.
There is absolutely no way that the imperious Senator Harry Reid or any of his devoted but misguided sycophants could have read and understood this report. When any public servant devotes time and resources in an attempt to ameliorate a major problem, the least his contemporaries can do, is to read and study the work. From Senator Coburn’s website, the following will help.
http://www.ldjackson.net/news-politics/senator-tom-coburn-the-senate-is-to-blame/
I hope that the Six Member commission will study the Senator’s exceptional report and help America get back on a sustainable fiscal track.
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