About two weeks ago I had the opportunity to sit down with David McCormick who is seeking the Republican nomination for U.S. Senate. In this introductory podcast, McCormick explains his reasons for running, what is “HEAT”, his plan for campaigning in 2011, and, towards the end, hints at his budget proposal.
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Well, we no longer need to wait. McCormick has released his proposed balanced budget for DC legislators. Let’s just say, he’s not happy with the Ryan plan either.
He has also penned this commentary:
A New Direction For America
By US Senate Candidate David McCormick (VA)
I am calling on the President, the Senate, and the House to make the tough decisions on our federal budget and to get our Nation’s fiscal house in order. Decades of reckless spending in order to advance political agendas have America within a whisker away from bankruptcy and financial devastation.
It is the duty and the moral obligation of this generation’s leadership to balance the federal budget and to pay off the debt for the next generation. A larger crisis looms that will affect the lives of Americans and many other nations. We must tackle the debt now. Chairman of the Joint Chiefs of Staff Admiral Mullen got it right when he said that our federal deficit posed our greatest national security risk.
Budgets proposed by President Obama miss the mark. Congressman Ryan’s budget is an improvement, but still misses the mark. Balancing the budget in 30 or 40 years is unacceptable.
It is time to balance our budget, Mr. President, Sen. Reid and Speaker Boehner. Difficult choices and sacrifices have been made by hundreds of thousands of businesses across our land in order to balance their budgets. Charities have had to adjust their budgets and make difficult choices. City and State governments have had to match their spending while anticipating lower revenues. Families have had to balance their family budgets while facing high unemployment and falling values of homes.
Today, I submit my budget plan that balances the budget by 2017. My budget proposal will set into motion a plan to retire our entire federal debt by 2033 without gutting our social security and medicare programs. In fact, we will fully replenish the social security trust fund by 2034.
My budget plan balances at $2.8 trillion and creates a trillion dollar surplus by 2025, which will pay down our massive national debt and reestablish us as a fiscally strong world leader.
If my budgets are adopted, we will have in a stronger America, and result in a better, more efficient federal government.
Today I also call on Congress to pass before summer recess an Economic Recovery Plan that will reignite our economy, create millions of new jobs, help restore our treasury and bring back economic prosperity and opportunities back to America and to future generations. The continuing monologue on deficits and spending must become a dialogue including job creation, full employment and an economy that leads the world.
America and the world await your reply.
