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Thursday, May 17, 2012

Conservatives Offer Solution For U.S. Budget: The Morning Bell:

Morning Bell: A Glimmer of Hope for the American Dream

May 17, 2012 at 8:57 am

Yesterday in the Senate, America bore witness to the glaringly obvious division in Washington, as stark as the contrast between high noon in the desert and midnight in the mountains. On the one hand is Majority Leader Harry Reid’s (D-NV) failure to pass a budget over the past three years. And on the other hand is leadership from conservative senators and representatives who have put forward serious proposals to rescue America from its debt and spending crises.

That division was laid bare inside the Capitol yesterday afternoon as the U.S. Senate voted 99-0 against President Barack Obama’s budget — a plan that spends more, taxes more, and slashes our military, all without making any attempt to reform America’s entitlement mess.

Compare the President’s proposal — and Reid’s total lack of a proposal — with the four plans offered by conservatives in Congress, chief among them being Senator Mike Lee’s (R-UT) budget, which mirrors the bold and thorough reforms The Heritage Foundation first proposed in its Saving the American Dream plan. That includes limiting the size of the federal government, reforming entitlement programs, and simplifying the federal tax code in an effort to restore our nation’s economic prosperity and ensure that future generations are not saddled with today’s debt.

Also important are plans proposed by House Budget Committee Chairman Paul Ryan (R-WI), Senator Rand Paul (R-KY) and Senator Pat Toomey (R-PA), all of which acknowledge that America is facing a fiscal crisis that cannot be wished away, taxed away, or passed on to future generations. Though the Senate did not pass any of those plans yesterday, each of them garnered significantly more support than the President’s “alternative,” which did not even win one vote from his own party.

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