"The economy

is made of people workers, taxpayers. They are the ones earning the wages,

and spending or investing portions of their paycheck. Each time they do,

they create economic activity. The more they spend or invest, the more

economic growth we have.

"Over

the next 10 years the government will collect from wage earners $3.1 trillion

more in non-Social Security taxes than it needs to fund operations,"

Collins said. "The budget resolution takes a responsible look at

the federal books and recognizes the fact that it's time to slow down

the collection of the government cash flow and return those excess funds

to the cash flow of individuals and families. In the words of the president,

the taxpayers have overpaid their bill, and this budget resolution will

provide a refund on their collected earnings that they deserve.

"A balanced

budget provides us with a road map for government spending, which is absolutely

important if you want to provide tax relief," Collins said after

the legislation passed. "The cause of over-taxation is overspending,

and a balanced budget is key if you are serious about controlling spending."

Collins said

the budget contains important measures which include $2.4 trillion in

public debt reduction by 2011; tax relief for every taxpayer a total of

$1.35 trillion; improved education more resources for education reform,

accountability, reading, teacher training and more; increased spending

for national defense, including the president's $5.7 billion initiative

for increased pay, housing and retiree health care; Medicare reform and

prescription drug benefit up to $300 billion; locking away the $2.5 trillion

positive cash flow from payroll taxes for Social Security.

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