How to Save $2.5 Trillion in 10 years While Making (Almost) Everyone Better Off

[jpmassar]

schmengie has discussed the Republicans' proposal to cut $2.5 trillion over ten years from the Federal Budget. I thought I would post my own $2.5 trillion reduction plan, without such gimmicks as listing 'Mohair Subsidies Elimination' at $1 million per year. So here it is, an alternative, a simple 6-point plan that probably reduces the Federal deficit by

Comments

[whipartist]

I'm hugely in favor. When are you running for congress?

[jpmassar]

When Barbara Lee runs for the Senate?

[schmengie]

why not do both yours and the Republicans? That is 5 trillion...almost there

[jpmassar]

Because the Republican plan is stupid. Almost all the savings come from freezing discretionary spending at 2008 or 2006 levels, without any cost/benefit analysis or any provision to increase spending on beneficial programs and decrease spending on obsolete and ineffective ones

[clutch_c]

$950 billion over 10 years should therefore be a conservative estimate.

$95 billion

[jpmassar]

Fixed. TY

[freelikebeer]

general reductions in WWII era armaments

Cold War

[jpmassar]

I was thinking more tanks and aircraft carriers.

I only offered it as an alternative ...

[freelikebeer]

because modern acquisition programs spend an inordinate amount of money wrapping their heads around the detail and documentation of the use of computers.

Aircraft carriers are very expensive. I forgot about them and the $4B/year [give or take] procurement schedule that keeps Newport News in business.

[jpmassar]

But yeah, those too.