WOW

The TEA Party debt commission  (a group of 12 prominent TEA party activists) has worked for several months on a Federal budget proposal which they submitted to Congress today. The proposal is located here. It's basic premises are as follows:

•  “Cuts, caps, and balances” federal spending.

•  Balances the budget in four years, and keeps it balanced, without tax hikes.

•  Closes an historically large budget gap, equal to almost one-tenth of our economy.

•  Reduces federal spending by $9.7 trillion over the next 10 years, as opposed to the President’s plan to increase spending by $2.3 trillion.

•  Shrinks the federal government from 24 percent of GDP — a level exceeded only in World War II— to about 16 percent, in line with the postwar norm.

•  Stops the growth of the debt, and begins paying it down, with a goal of eliminating it within this generation.

To achieve these goals, our plan, among other things:

•  Repeals ObamaCare in toto.

•  Eliminates four Cabinet agencies — Energy, Education, Commerce, and HUD — and reduces or privatizes many others, including EPA, TSA, Fannie Mae, and Freddie Mac.

•  Ends farm subsidies, government student loans, and foreign aid to countries that don’t support us — luxuries we can no longer afford.

•  Saves Social Security and greatly improves future benefits by shifting ownership and control from government to individuals, through new SMART Accounts.

•  Gives Medicare seniors the right to opt into the Congressional health care plan.

•  Suspends pension contributions and COLAs for Members of Congress, whenever the budget is in deficit.

 This is so common sense and , dare I say it American, that I know that no one in Congress will take the ball and run with it because they are all cowards.
 H/T Smitty at The Other McCain

Why only the Democrats are proud about the budget deal

President Obama: "This agreement between Democrats and Republicans on behalf of all Americans is on a budget that invests in our future while making the largest annual spending cut in our history."
Senate Majority Leader Reid: "This is historic what we've done,"

Compare that to House Speaker Boehner: "This is the best deal we could get out of them."

Are You EFF-EN Kidding Me? Obama's 2011 budget, which the Democrats just couldn't find the time to pass last year has a $1.6 TRILLION deficit. So the best deal that we could get is less than a 1% reduction in spending.
Sarah Palin has it right: "GOP: don’t retreat! The country is going broke. We can’t AFFORD cowboy poetry & subsidizing abortion."
So does Michelle Bachman: "Don’t get me wrong, cuts in spending are a move in the right direction. House Republicans have brought about a change from the spending binge of the last two years. But it’s time to face the facts. This is the “small ball” battle that House leadership has chosen to engage. The current battle has devolved to an agenda that is almost too limited to warrant the kind of fighting that we’re now seeing in Washington."

To put this in perspective, the Federal deficit increased $54.1Billion in the 8 days preceding the budget deal which only cut $38.5 Billion in spending for the NEXT 6 MONTHS.

This just can't go on, it has to stop!