June 2012

June 30, 2012

RE: Council For Retirement Security, a program of Our Generation

Dear Representatives,

Taxpayers are frustrated with Congress’ spending addiction.  With a national debt approaching $16 trillion and a borrowing limit that will be reached shortly, Congress has few options.  One way to instill a sense of fiscal responsibility is to freeze discretionary spending.

 

A freeze in discretionary spending would provide needed fiscal discipline to our country and reverses years of out-of-control spending.  An approach that meets this goal is Representative Chuck Fleischmann’s (R-Tenn.) legislation, H.R. 4060, “the Freeze Government Spending Act of 2012.”  This legislation would freeze discretionary spending until 2021.  According to Rep. Fleischmann, if passed the bill would achieve the following:

  • Establishes a discretionary spending cap of $949 billion, and freezes that cap through Fiscal Year 2021.
  • Freezes federal discretionary spending, saving $856 billion (over $1 trillion with interest savings) more than the recent debt ceiling legislation.
  • Saves $1.66 trillion (almost $2 trillion with interest savings) compared to President Obama’s FY 2013 budget proposal.

America can no longer afford to live outside its means.  An immediate discretionary spending freeze is a needed step to put America back on a path toward economic prosperity.

We at the Council for Retirement Security, a program of Our Generation, a nonpartisan, non-profit grassroots citizen group, are dedicated to improving the lives of senior citizens through awareness and advocacy.  I hope you find the above information useful and consider our viewpoints as you shape our nation’s spending priorities and other matters of vital importance to America’s expanding senior population.

Sincerely,

MacMillin Slobodien

Executive Director