Tea Party Debt Commission Identifies $9.7 Trillion in Spending Cuts without Raising Taxes

Tea Party Debt Commission Identifies $9.7 Trillion in Spending Cuts without Raising Taxes

House and Senate conservatives meet with grassroots while the “super-committee” meets behind closed doors

House and Senate members sat down with over 200 tea party leaders from across the country for the final Tea Party Debt Commission report in a joint hearing in the Russell Senate building. The Commissioners presented the “Tea Party Budget,” a grassroots-generated economic recovery plan that successfully balances the budget in 10 years, achieves $9.7 trillion in ten-year savings, and shrinks the government down from 25 percent of the economy to 18 percent. The hearing took place simultaneously with the “super-committee” hearing, which has yet to announce any information on their debt-reduction proposal, and appears to be nowhere near an agreement.

The hearing served as a counter offer to the super-committee’s likely disappointing findings, and disproves the false narrative that tea partiers are unable to identify specific cuts to the budget. Grassroots leaders around the country know that Washington can do better, and the findings of the Tea Party Debt Commission document exactly what cuts should be made to preserve America’s economic future.

“This is not your father’s debt proposal,” commented Dean Clancy. “This is the only existing debt reduction proposal generated over just four months using cutting edge crowd-sourcing technology, and that cuts $9.7 trillion without raising taxes. While the super-committee is struggling to write a single proposal behind closed doors, we are here today to present a bold but practical plan supported by a coalition of hundreds of thousands of grassroots activists from across the country.”

The final Tea Party Budget eliminates four cabinet agencies: Commerce, Housing and Urban Development, Energy, and Education. It repeals Obamacare, and improves social security by creating a personal account option. Among its other highlights are ending farm subsidies, government student loans, and reducing or privatizing the EPA, TSA, and Fannie & Freddie.

“Most importantly, this joint-session hearing proves that the winds in Washington are changing,” added Clancy. “The American people are ready for big bold cuts and eliminating entire departments, and the representatives on the hill are finally hearing their call. It’s very exciting stuff.”

Among the members attending were RSC Chairman Jim Jordan (OH-4), Senator Mike Lee (UT), Senator Rand Paul (KY), Congressman Jeff Flake (AZ-6), Congressman Paul Broun (GA-10), Congressman Joe Walsh (IL-8), Congressman Michael Burgess (TX-26), Congressman Steve King (IA-5), Congressman Mick Mulvaney (SC-5) and Congressman Raul Labrador (ID-1).

For a full version of the Tea Party Budget, contact FreedomWorks Media Coordinator Jackie Bodnar at jbodnar@freedomworks.org. Follow the whole day’s events on Twitter at #TPDC.

FreedomWorks
Jackie Bodnar, 202-603-2108
jbodnar@freedomworks.org