April 1, 2009
WebMemo #2377 of The Heritage Foundation
How many Liberal Statesmen will vote for this budget? 0?Answering President Obama's challenge for critics to present alternatives, the House Republicans have offered a responsible budget blueprint that:
- Borrows $3.6 trillion less than the President's budget;
- Would create $23,000 less debt per household than the President's budget;
- Keeps federal spending just above 20 percent of the gross domestic product (GDP)—the same level as before the recession;
- Avoids all tax increases and even simplifies the overly complex tax code;
- Includes a temporary moratorium on earmarks; and
- Begins reforming the unsustainable costs of Social Security, Medicare, and Medicaid.[1]
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