Mike Kolls (L) for Congress
United States House of Representatives
Texas District #24 -
email - Rep@tx24.us
via Reduced Spending
Drain the water/Debt
Unfettered federal spending is the greatest scandal plaguing our nation. It goes unreported, undiscussed, and ignored. The floodwaters of the federal debt are now at
$ 20,000,000,000,000… and continue to rise. Each year an annual deficit raises the water.
If our “leaders” raise the debt ceiling, we will continue to stand in the high-waters and encourage it to rise even higher.
Absolutely absurd! Drain the water/debt.
And, the Congressional Budget Office (CBO) also believes current spending is
The calculus is simple... we spend too much. We need to reduce spending.
Comparing the federal finances to an average household is illuminating. As noted, the illustration (right) uses 2015 dollars.
|Annual spending exceeds “income” by 12%||FY17 deficit $ 693,000,000,000
|Debt is 5½ times annual income||Federal Debt now exceeds $ 20,000,000,000,000
No family can survive on a budget like this. A business would have to close its doors in these conditions.
Why is it “okay” for the federal gov’t to operate this way? …. It’s NOT!
The federal debt doubles every 8 years. And then there are unfunded mandates...
We cannot continue this reckless spending. The "benefits" have already been consumed. Our children and grandchildren are stuck with the tab.
What is wrong with us?
We Need Restraint
Do you remember the Budget Sequester of 2013? ... a politicized, partial gov't shutdown. There were
federal workers sent home. Congress, Mr President, send them home permanently.
What is wrong with our elected officials? And, why do WE let them do this? Why do they continue to ignore the flood waters?
We must make tough decisions to NOT place our children in a hopeless, national financial situation.
Again, what is wrong with us?
- Balance the budget via spending cuts
- Annual, 4% across-the-board cuts will balance the budget in approx. 7 years
- Make all federal expenditures Discretionary - eliminate the construct of "Mandatory" spending
- Return to use of 12 annual (traditional) appropriation bills
- Eliminate use of Continuing Resolutions (CRs) and Omnibus Spending Bills
- Do NOT increase the Debt Ceiling - never!
- Reduce federal spending each year
- Require ALL federal departments to annually reduce spending by 4% - evenly distribute the pain
- Apply each annual surplus against the debt
- Do NOT change the Tax Code... until Step 5
- Taxes cannot be increased
- Annual tax receipts must be maintained until the federal debt is reduced to $ 10,000,000,000,000
- Reassess federal spending according to
Article I Section 8 of The Constitution of the United States
federal taxes to the Sovereign States
- Repeal Amendment XVI
- Close the Internal Revenue Service (IRS)
- Burn the US Tax Code
Assuming the federal debt is only $ 20,000,000,000,0000 (or less) AND ALL provisions are followed/achieved...
The federal debt can be:
- Half-paid in 25 years
- Fully paid within 35 years, 10 additional years
Nearly 70% of federal spending is on Safety-Net programs. Large programs will have large cuts.
The following are some of the tough decisions ahead:
- Full repeal of the "Affordable" Care Act would reduce both Health and Human Services AND Treasury spending
- Cancel all federal Safety-Net programs... "let" each state decide on whether to continue them
- Privatization of Social Security would eliminate Social Security Administration spending
- Cuts to Common Defence require a different point-of-view on diplomacy and military adventurism
- Executive agencies, the alphabet soup grows every year - serious cuts are needed
- Repeal the Reorganization Act of 1939 and all related-subsequent statutes
- ... more ideas to come
- Audit or Close the Federal Reserve (The Fed)
- Eliminate gov't-created Inflation... caused by The Fed
- Repeal Dodd-Frank - FULL repeal
- Increase Reserve Requirements - a tighter policy
- Eliminate FDIC "Insurance"
- Hold bank executives financially/legally responsible for their risky "investing"
- Stop bank bail outs; let poorly run banks fail
Life, Liberty, Property!