March 24th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement in support of Rep. Jim Jordan's (R-OH) proposal to cap federal welfare spending at 2007 levels:
"Congressman Jordan's proposal is a great step in the right direction to rein in so-called mandatory spending and reduce the $1.645 trillion budget deficit. Rolling back key portions of federal welfare spending back to 2007 levels could save $1.4 trillion over 10 years once fully implemented. The bill will also bring new levels of transparency to the budget process, and will require the Office of Management and Budget to provide 10-year totals of welfare spending at the federal, state and local level.
"The House must act now to protect the very solvency of the nation. With a spiraling national debt of $14.1 trillion, which will soar to over $25 trillion by 2021, now is the time rein in federal welfare spending, before the debt becomes so large that it cannot be serviced. This is a good start."