Tim Phillips in USA Today: Sequestration will restore balance
Making these modest reductions to government overspending is an important first step.
Government overspending is the greatest threat to economic prosperity we face today. After four years of unprecedented trillion dollar deficits, Washington politicians are complaining that the sequester cuts are going to slow the growth of the federal budget by a mere two cents on the dollar.
Middle-class families are struggling across our nation in part because government is failing them. Young people can’t find jobs because government overspending crowds out small businesses. Seniors on a fixed income see their life savings deteriorate because government overspending drives down the value of personal savings.
We are experiencing the slowest economic “recovery” since the Great Depression. Job growth is anemic, wages are stagnant. There is a reason. Government overspending and the resulting debt is choking off job creation in the private sector, hampering the entrepreneurial spirit and limiting the ability of individuals to make their American dream come true.
We’re all sick of the blame game, but the fact is President Obama and leading Democrats have made it clear they don’t think the federal government has a spending problem. They’ve said as much in public and in private.
Yet Americans across the country and basic math paint a pretty different picture. In several recent polls, more than 70% of Americans said federal government spending is too high. By no means is the sequester perfect, but we must begin acting now to rein in this wasteful prosperity killer. Making these modest reductions to government overspending is an important first step.
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