I’m pretty much good with that. We can start with cutting all the non-essential programs. Getting rid of all the redundant programs and employees. Getting rid of departments like the Education Department, Natural Resource Conservation Service, The Rural Electrification Administration, The Rural Housing Development Service, and more. The immense waste in the DOD, Medicaid, Medicare, and other big programs can be fixed
Hopes by lawmakers to balance the federal budget in a decade through reductions in spending could mean significant cuts to programs to achieve that goal, an analysis released by the Congressional Budget Office (CBO) said on Tuesday.
The analysis, requested by Democrats, crunches the numbers behind what achieving a balanced budget in the next 10 years would mean for federal programs. The report comes as Democrats have sought to hammer Republicans over proposals to balance the budget in the timeframe through potentially steep cuts to spending.
In its recent analysis, the nonpartisan budget scorekeeper said its current baseline projections show the nation’s federal budget deficit would reach $2.9 trillion in 2033. To eliminate that deficit through cuts, the agency calculates the impact of various budget roadmaps.
Under one such path, the agency said lawmakers could reach the goal if “all noninterest outlays were gradually reduced starting in 2024 so that they were 29 percent less than the amount in the agency’s baseline projections in 2033.” (snip)
When not factoring in the extension of the tax cuts, the CBO projected that all noninterest outlays would have to be reduced by 41 percent to achieve a balanced budget in the same window. That’s if lawmakers also decided to factor out changes to Social Security, which comprises a chunk of federal spending.
The federal government needs to reduce what they do, and, if states want to take up the mantle, that’s up to them. Los Federales have well exceeded their powers per the Constitution. There are so many programs that get hundreds of millions, if not more, allocated yearly, yet, serve no purpose
And the No. 1 federal boondoggle lawmakers could eliminate tomorrow without hurting anyone at all: The Economic Development Administration (EDA), which duplicates the activities of at least 62 other community development programs. The EDA will spend $350 million this year to spur local economic growth. Yet a recent GAO study found the EDA had no impact at all. Zippo. Five-year savings: $933 million.
That might seem like chump change in the grand scheme, but, it all adds up.
