Mark Neumann's 5-Year Plan to Balance the Budget
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LEADERSHIP & FINANCIAL CRISIS Pay Off the Debt in 30 Years
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Transcript of Mark Neumann's 5-Year Plan to Balance the Budget
LEADERSHIP &
FINANCIAL CRISIS
Pay Off the Debt in 30 Years
America’s New Way Forward (ANWF) – The CRISIS
We need to act today to stop the major economic disaster in America.
America’s debt has increased by almost 50% in the last four years under President Barack Obama. No major nation in history has been able to sustain its way of life long term with a debt in excess of its GDP.
DEBT % of GDP•Greece 130%•Italy 118%•United States 100%•China 19%•Russia 11%
3,000
5,000
7,000
9,000
11,000
13,000
15,000
17,000
19,000
21,000
23,000
Total US Federal Debt($ in Billions)
$16,351,000,000
Debt per Person
Spain $18,000/person France $33,000/person Greece $39,000/person USA $46,000/person
America’s New Way Forward (ANWF) – The Solution
This Solution BALANCES THE FEDERAL BUDGET in 2017
Repeals ObamaCareMakes the Bush tax cuts or their equivalent permanent Calls for $1.364 trillion in spending reductions
cumulative over five yearsCalls for $368 billion in tax cut offsets from subsidies,
tax loopholes, or additional spending reductions over five years
America’s New Way Forward (ANWF) – The Solution
This Solution REPAYS THE FEDERAL DEBT by 2041
Continues the spending and tax reductions implemented during the first five years
Provides for annual Federal spending growth of 2.5% after 2017
Assumes GDP growth rate of 3.5% after 2022Completes the dream of leaving the next generation
DEBT FREE and THE BEST PLACE IN THE WORLD TO LIVE.
America’s New Way Forward (ANWF) – The Solution
This Solution STRENGTHENS SOCIAL SECURITY, MEDICARE, & DEFENSE
Social Security: The Federal Government has taken $2.6 trillion of reserves out of the Social Security Trust Fund and left nothing but an “I Owe You”. Since the Federal Government is now approaching insolvency, like Greece, this leaves the Social Security program in CRISIS. Once the Budget is Balanced the Federal Government can start to repay the debt to the Trust Fund.
Medicare: This plan provides for Medicare savings. Medicare benefits for seniors are maintained while program costs are lowered.
Defense: Defending America is the number one priority of the Federal Government. This plan ensures America continues to have the best military in the world.
America’s New Way Forward (ANWF) – The Solution
“We Balanced the Budget and Generated Surpluses while I served in the US Congress. I will use those same leadership skills and approaches to Balance the Budget during the years I serve in the US Senate. My track record shows I will stand for what’s right and against both parties when necessary to achieve this BALANCED BUDGET result.” “I’ve BEEN THERE – DONE THAT!” Former US Congressman Mark W. Neumann
1995 – Mark Neumann Swearing in Ceremony
First Freshman in history to serve on both Appropriations and Budget Committees !
Mark Neumann - A PROVEN LEADER that Delivers Results
America’s New Way Forward – Balance The Budget
Eliminate Hollywood Liaison OfficesEliminate Studying Connection between Cocaine & Risky Sex Habits of theJapanese QuailEliminate 130 Episodes Pakistan Sesame StreetEliminate Amtrak SubsidiesEliminate Ethanol SubsidyThree Year Freeze on Pay and Bonuses Federal EmployeesReduce the Federal Non-Defense Workforce by 15%Reduce the Federal Contractor Workforce by 15%Reduce Government PrintingReduce Civilian Travel Budgets by 75%End TARPEliminate Next Generation High Speed RailEnd Foreign Aid to Countries with over $10 Billion In U.S. TreasuriesReduce UN Contribution by 25%Reduce Administrative Expenses for the Department of TransportationCut Federal Employee Travel BudgetReduce Number Limousines Owned by Federal Government to 2008 levelsState Department's Education and Cultural Exchange ProgramsInternational Trade Administration's Trade Promotion ActivitiesJustice Department Grants Except from the Bureau of Justice, Statistics &National Institute of JusticeNEDFailed Federal Job Training ProgramsReduce NSF Funding to 2008 LevelOpen the ANWR to Lease for OilSTAR ProgramAllow the Clean Water & Safe Drinking loan fund to function as a revolving loan fund
America’s New Way Forward – Balance The Budget
150 Government Programs to Cut or Eliminate Energy Star Program
Reduce Printing Costs of Congressional DocumentsReduce Rising Rent Costs by Sharing CourtroomsDirect Payments for CommoditiesCounter-Cyclical PaymentsReduce Duplicative Development FundingReduce USAID Title 2 GrantsNIF&A by 20%International Forest ProgramReduction of Duplicative Forest Service Research and DevelopmentActivitiesTransfer & Consolidate NOAATransfer & Consolidate Trade ProgramConsolidate NISTOffice of Energy Efficiency and Renewable EnergyAccept President's Funding Level for LIHEAPImplement President's FY 12 Health Care TerminationsEnact Indian Health Service Agency ReformsEliminate fraud in Food Stamp programEliminate Unnecessary, Inefficient, and Wasteful HUD ProgramsReduce Community Development Block GrantsAdopt President's FY 2012 Reduction in 2 HUD ProgramsReclaim Unspent Fund at Department of InteriorEliminate Duplicative Dept of Interior InitiativesRedirect Funds for Land Purchase to Maintain Current PropertiesBetter Efficiency in Wild land Fire Research and PreventionPrioritize Natural Resource Stewardship ProgramsTerminate Abandoned Mine Restoration Program Payments toCompleted ProjectsBureau of Indian Affairs Office of Corrections
150 Government Programs to Cut or Eliminate cont.
America’s New Way Forward – Balance The Budget
Duplicative Forestry Program at Bureau of Indian AffairsCancel DOJ's DEA's Mobile Enforcement Team ProgramNIJReduce Construction Budgets for the FBI, ATF, and U.S. MarshalsAdjust NLRB Budget to Current CaseloadReduce United Nations Funding by $2 Billion per YearTaxpayer Funding for Asia Foundation and East-West CenterRefocus Economic Support FundingReduce Administrative Expenses for the Department of TransportationPhase Out Air Service SubsidiesMandatory “enhancements” like flower beds and bike pathsFederal Recreational Trails ProgramPhase Out FHWA Safety Grants to StatesDevelopment Assistance ProgramReduce Administrative Expenses for the Department of TreasuryIncrease the Number of Paperless Transactions at Dept. of TreasuryExpand TSA Screening PartnershipRequire Joint Purchases of Brand Name Prescription DrugsNonessential Institute of Museum and Library Services GrantsNSTFunding to Private Sector for Spaceflight DevelopmentsMaritime AdministrationImprove Healthcare Management by Eliminating OverlappingResponsibilitiesAccept President Obama’s Proposal to Track High Prescribers andUtilizers of Prescription Drugs in MedicaidAdjust Subsidies to Teaching Hospitals for Graduate Medical EducationPhase Out Payments of Uncollected Debts to Hospitals
Permit Seniors to Opt Out of Medicare Part A and Still ReceiveSocial Security BenefitsAdopt a Comprehensive, Aggressive Plan to Reduce Medicare andMedicaid Waste, Fraud, and AbuseAccept President Obama’s QIO ReformsPeanut SubsidyCap the Number of Federal Political Appointees at 2,000Enact Paul Ryan Ag ReformReplace $1 Bill with $1 CoinReduce Number Limousines Owned by Federal Government to2008 levelsClose Federal Employee Retirement Systems to new enrollment.Maintain 5% match.Equalize FERS Contribution. (Employer/Employee)Sugar SubsidiesMarket Access ProgramWeatherization AssistanceSoutheast Power Adm.Suspend Federal Land PurchasesEDA Eliminate Duplication in FP Title II GrantsForest ServiceEliminate Duplication in Department of Commerce TradeProgramsReform the Economic and Statistics Administration & Bureau ofthe CensusVoluntary Appliance Labeling ProgramEnact EPA Reform
America’s New Way Forward – Balance The Budget
Enact NASA ReformInternational CTFConsolidate Global Climate Change FundingConsolidate Region Dev. Org. Banking with World Bank & IMFReduce Funding for World BankLegal Services CorpInternational CTFConsolidate Global Climate Change FundingConsolidate Region Dev. Org. Banking with World Bank & IMFReduce Funding for World BankLegal Services CorpSell Excess Federal PropertyAmeriCorpsTransfer Tennessee Valley Authority's Electric Utility Functions &Associated Assets & LiabilitiesProhibit New Enrollment in ConservationLimit Enrollment in Conservation StewardshipPremium Subsidy in Crop InsuranceReduce Share of Farmer Base Acreage Eligible for USDA Payments by20%Subsidized Loans to Grad StudentsChange Interest Rate Structure for Student LoansLimit Medical Malpractice Torts (Mandatory Outlays)Limit Medical Malpractice Torts (Discretionary Spending)Increase Defense Appropriations by 1% per year capEnergy Funding for Energy Technology DevelopmentInternational Trade Administration's Trade Promotion ActivitiesAirport GrantsIntercity Rail Subsidies
Transit Starts ProgramsNCSPIncrease NIH by 1% per year capIncrease Payments by Tenants in Federally Assisted HousingReduce Funding for Certain DOJ GrantsReplace Farm Subsidies with Farmer Savings Accounts & ImprovedCrop InsuranceForeign Agriculture ServiceJob CorpsEliminate Duplication in Ag AgenciesBusiness Subsidies from NISTConsolidate Rural Housing and Development Programs & Convertinto Block GrantsDouble Pell Grant Funding from 2007Reduce Education Department BureaucracyEnergy Subsidies for Commercialization & Research ActivitiesBlock Grant & Devolve EPA Grant ProgramsRestructure Power Marketing Administrations to Charge MarketBased RatesReduce waste and fraud in Medicare and Earned Income Tax CreditErrorsRescind Unobligated BalancesReduce Maintenance on Vacant Federal PropertiesSuspend Acquisition of Federal Office SpaceTrim Federal Vehicle Fleet by 20%Tighten Controls on Federal Employee Credit CardsReform MedigapEliminate Health Professions GrantsEliminate Christmas Trees PromotionReduce House and Senate Budgets to 2008 LevelReduce Non-Limo Fleet by 20%
150 Government Programs to Cut or Eliminate cont.
Paying Off the Federal Debt by 2041 – The Details : America’s total debt crossed the $3 trillion number in 1990. Over the course of the
last 20 years, less than one generation, we have run that number up over $16 trillion. Over $4 trillion was added in the last four years alone under President Obama’s leadership. The debt was $10.6 trillion on the day he took office and his plans will take it to $27.6 trillion in 2021.
America’s New Way Forward repays the national debt over the course of the next 30 years. America must Balance It’s Budget and then start down this path of repaying the national debt now. It will get easier to repay the national debt as time moves along :• The interest payments are continually reduced.• The economy will be stronger which further enhances revenues.• The stronger economy will produce more private sector jobs.
The correct LEADERSHIP AND POLITICAL WILL POWER are the only things preventing repaying most or all of the debt. Former Congressman Mark Neumann was part of the team that Balanced the Budget in the 1990’s. He demonstrated then that he has the will power and he will lead America’s New Way Forward as a US Senator. He has BEEN THERE – DONE THAT ALREADY as a US Congressman !!
America’s New Way Forward (ANWF) Pay Off the Federal Debt
America’s New Way Forward (ANWF)Pay Off the Federal Debt
2008
2009
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2015
2016
2017
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2019
2020
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2037
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2039
2040
2041
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000America's New Way Forward - The Solution
Balance the Budget by 2017 & Pay Off the Debt by 2041
Obama RevenueObama Spending PlanANWF Revenue ProjectionANWF Spending Plan
BUDGET IS BALANCED
$5.8 Trillion Added to Federal Debt
ANWF Pays Off $19 Trillion of Debt & Repays the Social Security Trust Fund
in Billions
America’s New Way Forward (ANWF) Pay Off the Federal Debt
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
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2034
2036
2038
2040
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
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22,000
24,000
26,000
28,000
US Federal Debt($ in Billions)
Total Federal Debt to Date
Obama's Projected Total Federal Debt
ANWF Repay The Federal Debt Plan
$16,351,000,000
ANWF will Pay Off $19 Trillion of Debt and Repay the “I OWE YOUs in the Social Security Trust Fund.
ANWF will Pay Off or pay down the Federal Debt until it is about 15% of GDP like China and Russia.
$27,600,000,000
