Max Sandlin on Budget & Economy Former Democratic Representative (TX-1)

Retire half the public debt by 2006.

Blue Dog budget framework
• Set tax and spending priorities within a five year budget framework instead of using ten-year budget projections to allow for backloaded tax cuts or spending increases
• Require all tax or spending initiatives to be fully implemented within the five year budget window
• Retire over half of the publicly held debt by 2006
• Devote one-quarter of the [non-Social Security] surplus to tax cuts retroactive to 2001, for a net tax cut of $180 billion from 2001-2006
• Establish realistic discretionary spending caps which will restrain spending but also provide room to fund new initiatives without relying on unspecified or unrealistic spending.