Alternative Budget Attractive Alternative to Obama’s $3.6 trillion Budget; Will Blue-Dog Democrats Bite?

Want to save $3.3 trillion over the next 10 years, Americans?

If so, call your congressmen and demand they support the Republicans Alternative Budget. Take a peek at how President Barack Obama’s FY 2010 budget compares with the alternative budget offered by Republicans. Republicans seem to offer a way out of this mess to prosperity. You decide.

Obama’s Budget

• Spends $9.3 Trillion over 10 years
• Doubles U.S. Debt in 5 years, Triples it in 10 years
• Debt will be $17.3 Trillion by 2019, or 82.4% of GDP
• Entitlement Spending increases by $1.4 Trillion over 10 years
• Increases non-defense spending by 9% in 2010
• Debt exceeds 100% of GDP by 2030
• Increases taxes by $1.5 Trillion
• Imposes National Energy Tax through cap and trade proposal which will cost average family $1,600/yr.

Republican Alternative Budget

• Deficit is $3.3 Trillion less than Obama’s budget over 10 years
• Borrows $3.6 Trillion less, which is 65.1% debt-to-GDP ratio
• Total Spending – Spends $4.8 Trillion less than Mr. Obama over 10 years
• Puts the brakes on Entitlement Spending by slowing the average annual growth in mandatory spending from 5.3% to 3.9%
• Long term, begin reforms to address viability issues of Medicare and Social Security
• Reduces Corporate tax from 2nd highest in industrialized world to 25%, and reforms tax code
• Permanently extends 2001 and 2003 tax relief, and fixes the Alternative Minimum Tax
• Tax Incentives to use private capital to unfreeze credit markets and encourage private sector job growth and investments

In an interview Wednesday on FoxNews, Rep. Paul Ryan (R- WI), ranking Republican on the House Budget Committee, said, “Let’s get our spending under control….We just don’t think you can borrow and spend your way into prosperity.”

Hmmm. Common sense. But will the Republicans’ Alternative Budget appeal to Blue Dog Democrats? That remains to be seen. Blue Dog Democrats — what say you? Will fiscal Conservatives save America by banding together to vote for the Alternative Budget? What do you think?

Alternative Spending Details from budget.house.gov

Video Source: YouTube