; cap-memo-spending-cuts2
Learning Center
Plans & pricing Sign in
Sign Out



  • pg 1
									                              Conservative Action Project
   The Conservative Action Project, chaired by former Attorney General Edwin Meese, is designed to facilitate
conservative leaders working together on behalf of common goals. Participants include the CEO’s of over 100
organizations representing all major elements of the conservative movement—economic, social and national security.

Duane Parde, President, National Taxpayers Union
Lewis K. Uhler, President, National Tax Limitation Committee
Tom Schatz, President, Council for Citizens Against Government Waste
Wendy Wright, President, Concerned Women for America
Edwin Meese III, former Attorney General
Karen Kerrigan, President, Small Business & Entrepreneurship Council
Tony Perkins, President, Family Research Council
Virginia Thomas, President, Liberty Central
Mario H. Lopez, President, Hispanic Leadership Fund
Grover Norquist, President, Americans for Tax Reform
Susan Carleson, Chairman & CEO, American Civil Rights Union
William Wilson, President, Americans for Limited Government
Michelle Easton, President, Clare Boothe Luce Policy Institute
Bill Pascoe, Executive Vice President, Citizens for the Republic
Andrea Lafferty, Executive Director, Traditional Values Coalition
David Y. Denholm, President, Public Service Research Foundation
Ron Robinson, President, Young America’s Foundation
Dino Teppara, Chairman, Indian American Conservative Council
Mathew D. Staver, Founder & Chairman, Liberty Counsel
Becky Norton Dunlop, former Assistant Secretary of Interior, Reagan Administration
Herman Cain, President, The NEW Voice, Inc.
Myron Ebell, President, Freedom Action
James Martin, Chairman, 60 Plus Association
J. Kenneth Blackwell, former Treasurer, State of Ohio
Tom Winter, Editor-in-Chief, Human Events
Brent Bozell, President, Media Research Center
Rev. Lou Sheldon, Chairman, Traditional Values Coalition
Alfred Regnery, Publisher, American Spectator
Marion Edwyn Harrison, Past President, Free Congress Foundation
Richard Viguerie, Chairman, ConservtiveHQ.com
(All organizations listed are for identification purposes only)


RE: Congress left town without passing a budget; the country kept losing jobs during “Recovery
Summer;” and President Obama admitted there are no such things as “shovel ready” projects—
but the excessive spending by the federal government continues.

                1411 K Street, N.W. • Suite 601• Washington, D.C. 20005
        Phone (202)207-0169 • Fax (202)207-0173 • E-mail Patrick@cfnpaction.org
         ISSUE-IN-BRIEF: Listed below are 10 specific spending cuts that Congress can get to work on
         when it returns. Many, many more spending cuts have been recommended by a variety of budget
         experts—but here is a start:

                                         1. Repeal ObamaCare
                                 Save taxpayers over $1 trillion dollars. i

Only six months after implementation, the new health care law has proven to be a bureaucratic nightmare
 that has already raised insurance premiums and forced some insurers to cancel coverage plans. A clear
   majority of the American people have made it clear that they oppose this unconstitutional law that
                      diminishes the quality of health care while increasing its cost.

                                        2. Completely End TARP
                                    Save taxpayers roughly $16 billion. ii

 All banks should face the consequences of their actions. Taxpayers should not be forced to bailout banks
 that engaged in risky behavior. By canceling TARP once and for all, taxpayers will be saved billions of

                          3. Reduce Government Employment to 2008 Levels
                             Save taxpayers $35 billion over the next 10 years.

    Since 2008, federal government employment has grown by 188,000 (excluding temporary Census
  workers.) Meanwhile, the private sector has lost over 7.9 million jobs. iii Taxpayers in the private sector
  cannot afford to pay for the excessive number of government employees that do not perform necessary
functions of government. The federal government should institute policies to reduce the workforce to 2008

                                     4. Freeze Federal Pay
                          A pay freeze would save taxpayers $5 billion annually. iv

 With benefits included, the average federal government employee is paid $123,049--while the average
 private sector employee receives only $61,051 annually. After adjusting for inflation, federal employee
 wages increased 36.9 percent while private sector wages rose only 8.8 percent since 2000. v In order to
 restore fiscal sanity, the number of federal government employees should be frozen until the budget is

                                    5. Sell Excess Federal Property
                                     Save taxpayers up to $15 billion.
 According to the Office of Management and Budget, the federal government is holding on to $18 billion
   in property that it does not need. Requiring the federal government to sell excessive property could
                               potentially save taxpayers billions of dollars. vi

         6. End Tax-Payer Funding and Subsidizing for Abortions Domestically & Overseas
                                   Save Taxpayers $739 million

  President Obama rescinded the Mexico City Policy, allowing tax dollars to flow to groups that promote
abortion under the category of International Family Planning. In FY 2010 $648.5 million was appropriated
   for this effort. Additionally, in FY 2009 federal funds were awarded to well known abortion advocacy
 organizations such as the Guttmacher Institute, Planned Parenthood Federation of America, SEICUS, and
                                            the Population Council.

                                7. Privatize Fannie Mae and Freddie Mac
              Reforming Fannie and Freddie Mac could save taxpayers at least $30 billion.

So far, taxpayers have been forced to spend $145 billion to bailout the irresponsible actions of Fannie Mae
  and Freddie Mac. vii Action must be taken immediately to privatize the current government sponsored
mortgage-backing companies. If Congress delays reforming Fannie and Freddie Mac, taxpayers will likely
                                 be on the hook for billions more dollars.

                                   8. Eliminate Subsidies for Amtrak
                                   Save taxpayers $202 million a year.

     Despite the fact that the majority of trains remain fairly empty, government-run Amtrak runs an
abundance of trains daily. In fact, Amtrak actually loses money on most of its train routes. Taxpayers are
 forced to pay $32 per Amtrak passenger to make up for these losses. Yet riders still complain regularly
about spotty Amtrak service and frequent delays. The private sector could likely provide a better quality
                                       train service at a lower cost. viii

                                   9. End Energy Subsidies
                                   Save taxpayers $20 billion a year. ix

Over the last 30 years, energy subsidies have failed to produce any promising results. The private sector is
 fully capable of investing in energy technology. Unfortunately, government subsidies have crowded out
    private investment in energy. While it may take some time, the private sector has already begun to
                                  produce more efficient energy sources.

                                  10. Reduce Federal Farm Subsidies
      Completely ending the peanut & sugar subsidies would save taxpayers $1.3 billion annually. x

   Federal farm subsidies are America’s largest corporate welfare program costing taxpayers more than
  $245.2 billion since 1995. Despite the claims that farm subsidies go to struggling family farmers, two-
thirds of farm subsidy checks go to the wealthiest 10 percent of farmers. It is hard to justify that taxpayers
 should be forced to pay for the hobby farms of rich celebrities such as David Rockefeller, Ted Turner, or
                                             Scottie Pippen. xi



            “Discretionary Spending in the Final Health Care Legislation.” Congressional Budget Office. < http://cboblog.cbo.gov/?p=835>
             GOP Pledge to America. <http://pledge.gop.gov/resources/library/documents/solutions/a-pledge-to-america.pdf>
            The Republican Whip Eric Cantor. YouCut. < http://republicanwhip.house.gov/YouCut/>
             “Downsizing the Federal Government.” Cato Institute. <http://www.downsizinggovernment.org/>
            Cauchon, Dennis. “Federal Workers Earning Double Their Private Counterparts.” USA Today.
          < http://www.usatoday.com/money/economy/income/2010-08-10-1Afedpay10_ST_N.htm>
          Vi <http://republicanwhip.house.gov/YouCut/week4.htm>
             YouCut. <http://republicanwhip.house.gov/YouCut/week3.htm>
              Riedl, Brian and Frydenlund, John. “At the Federal Trough: Farm Subsidies for the Rich and Famous.” Heritage Foundation


To top