Sign up to receive email newsletters about the
latest research for the topic areas that
interest you.
Fulfilling Your Budget Reform Promise of a Net Spending Cut: A Memo to President-elect Obama
Publication Date: December 2008
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Alison Acosta Fraser; Brian M. Riedl
Special Collection: Presidential Advisory
Topic: Banking and finance (Public finance)
Economics (Economic policy, planning, and development)
Government (Legislative power and procedure)
Keywords: Government programs; Presidential transition; Federal budget
Type: Brief
Coverage: United States
Abstract:
The American people have repeatedly expressed exasperation at the pork, runaway spending, and budget deficits that have plagued Washington during this decade. It is not difficult to identify the programs most in need of reform, but fiscal responsibility can be achieved only through a willingness to stand up to interest groups and their allies in Congress and by making the difficult but necessary decisions. The result will be a stronger economy, a smaller budget deficit, and a lower tax burden.