During a town hall meeting with University of San Diego students today, California GOP senate candidate Carly Fiorina unveiled her spending plan.
She spoke about the plan, which will help reduce government spending, as a way to stop relying on younger generations to pay back the debts incurred by their elders. “Our nation’s rising national debt and unsustainable federal deficit … jeopardizes the future of our students who will soon be entering the workforce and will have to pay the price of Washington’s fiscal irresponsibility,” Fiorina warned. She also said that the increase of the national debt threatened job creation and economic growth.
Her spending reduction ideas include passing the Sessions/McCaskill plan (which would set a cap of $1.108 trillion for spending in the twelve 2011 appropriations bill — that’s $20 billion less than Obama wants); limiting annual spending to 20 percent of the economy (the same limit Reps. Jeb Hensarling, Mike Pence, and John Campbell are pushing for in the House); and reduce federal hiring until the number of government employees is back to the 2008 level.
Other efforts Fiorina announced support for included ending earmarks, putting bills online for two weeks before they were passed, using unused stimulus funds to help pay off the national debt, and “end[ing] taxpayers’ ownership stakes in Detroit, Wall Street, Fannie Mae and Freddie Mac by the end of 2011.”