Congressman Carson believes that our rising deficit is a problem that, if left unchecked, could impact our long-term stability and jeopardize our position as the top economic power in the world. He supported "Pay-As-You-Go", which reinstituted the requirement to offset the costs of new policies by either cutting spending or raising revenues. This was incredibly effective in the 1990s and created record budget surpluses.
Congressman Carson believes that one way to decrease the federal deficit is to eliminate tax breaks and subsidies for oil companies. These companies are making record profits and do not need continued taxpayer support. The single best way to decrease the deficit is put Americans back to work.