Keep An Eye On Washington This Week...They're Talking About Your Money

This week, House Republicans are planning to introduce $4 trillion in federal spending cuts that would go into effect over the next decade. How nice to see a proposal that entails 10 years worth of cuts instead of ten years worth of increased spending. Republicans are getting the message. Let's hope the Democrats are not too far behind.

I saw a clip last night of Senate Majority Leader Harry Reid in which he was blaming the craziness of Republican proposed spending cuts on the Tea Party. What Harry Reid and his fellow Spendo-crats are failing to realize is that this is not just the sentiment of the Tea Party, but is the sentiment of the American Taxpayer who thinks it is time for our government to start spending less.

Our sitting President officially launched is re-election campaign for 2012 today. What you won't see in any of his campaign ads is that his budget numbers are so inaccurate that the politically-independent Congressional Budget Office say the President's deficit projections are over $2 trillion lower than they should be when looking at the next decade. Clearly, the Master & Commander is going to hit the campaign trail painting a more rosy picture of our future than actually exists.

The Republican spending cut proposal also comes with strict spending caps in select areas. With the government looking to once again change the law to allow even more deficit spending by raising the legally-allowed debt ceiling to rise once again, it is time for the American taxpayer to take a stand. "We are going to put out a plan that gets our debt on a downward trajectory and gets us to a point of giving our next generation a debt-free nation," said Republican House Representative and Budget Committee Chairman from Wisconsin Paul Ryan.

With the current budget extension bill expiring this week, Republicans and Democrats need to come together quickly to prevent a government shutdown. There is going to be all sorts of wrangling back and forth on what should be cut and what should be left alone. Each side believes that certain spending should be immune from cuts and certain spending is ready for the chopping block. Finding a consensus on what will be cut and what will be protected will not be an easy process.

Be sure to keep an eye on Washington this week. They are going to spend quite a bit of time talking about your money, how they are going to spend it, and how much more debt they are looking to put on your shoulders.