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Brad Carson on Budget & Economy


Rid waste & fraud and close loopholes to balance the budget

Q: How do we balance the budget?

A: First, we have to keep the problem in perspective. As a percentage of our GDP, the budget deficit this year is not what it was in the 1980s and early 1990s. We've had some extraordinary events happen in the recent years, but that's not to say we shouldn't get ourselves back on a path toward fiscal solvency. I release a detailed plan to do just this. We have about $50 billion in various forms of waste, fraud and abuse that prudent management from the Senate and the House and its oversight could eliminate. There are corporate loopholes that are exploited every day to avoid lawful taxation about $250 billion a year. I've also proposed eliminating unnecessary and outdated government agencies, things like the Council on Environmental Quality, the Export-Import Bank. Those proposals, combined with the amount you would save on interest on the national debt with that, would move us probably close to fiscal balance.

Source: Coburn-Carson debate on Meet The Press Oct 3, 2004

Retire half the public debt by 2006.

Carson signed the Blue Dog Coalition letter:

Source: Blue Dog Coalition letter to the Senate 01-BDC2 on May 9, 2001

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