Tag Archives: sluggish economy

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 123)

Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below:

Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to do so in the future.

On May 11, 2011,  I emailed to this above address and I got this email back from Senator Pryor’s office:

Please note, this is not a monitored email account. Due to the sheer volume of correspondence I receive, I ask that constituents please contact me via my website with any responses or additional concerns. If you would like a specific reply to your message, please visit http://pryor.senate.gov/contact. This system ensures that I will continue to keep Arkansas First by allowing me to better organize the thousands of emails I get from Arkansans each week and ensuring that I have all the information I need to respond to your particular communication in timely manner.  I appreciate you writing. I always welcome your input and suggestions. Please do not hesitate to contact me on any issue of concern to you in the future.

Therefore, I went to the website and sent this email below:

Here are a few more I just emailed to him myself:

Balance the budget by 2014 without raising taxes. Budget deficits are merely a symptom of two larger problems: a sluggish economy and runaway spending. Restoring economic growth requires low tax rates, and runaway spending is the most dangerous threat to pro-growth tax relief. Balancing the budget with spending cuts will improve the country’s ability to deal with the massive Social Security and Medicare liabilities that will come due when the baby boomers retire.

  • Under President Obama’s budget, Washington is projected to spend $3,618 billion, raise $2,118 billion, and run a $1,500 billion deficit in 2010.
  • Tax revenues strongly correlate with economic growth. The recession is chiefly responsible for collapsing revenues.
  • Spending has increased 19 percent faster than inflation since 2008.
  • The projected $1,500 billion budget deficit represents a post–World War II record 10.3 percent of GDP. More than 41 cents of every dollar Washington spends in 2010 will be borrowed