Dr. Coburn Releases $9 Trillion Deficit Reduction Plan

U.S. Senator Tom Coburn, M.D. today released a new report “Back in Black” that outlines how the federal government can reduce the deficit by $9 trillion over the next ten years and balance the federal budget. The 614-page plan was the result of a thorough and exhaustive review of thousands of federal programs.

“The American people are tired of Washington waiting until the last minute to avoid a crisis, particularly when it is a crisis Washington itself created. The crisis, though, is not the debt limit deadline. The crisis is Congress’ refusal to make hard choices and reduce a debt that has become our greatest national security threat. The plan I am offering today gives Washington 9 trillion reasons to stop making excuses and start solving the problem,” Dr. Coburn said.

“Both parties will no doubt criticize portions of this plan and I welcome that debate. My goal is not to replace the work of the budget committees but to show the American people what is possible and necessary. What is not acceptable, however, is not having a plan and delaying reform until some perfect political moment that will never arrive. The fact is doing nothing is a tax increase, a benefit cut for seniors and the poor, and a betrayal of the core values both parties hold dear,” Dr. Coburn said.

Click here to view Dr. Coburn’s full report, click here for a section by section outline of the report, click here for a summary of savings and click here for highlights of the report.

Additionally, Dr. Coburn released the following report exposing wasteful government spending in Oklahoma. For the full report, click here.

[Blogger's note: You can also view Dr. Coburn's press conference on C-SPAN here.]