Stossel's proposed budget cuts takes us from deficit to $2 BB surplus in one year

The Congressional Budget Office says the current year's budget deficit will be a record $1.5 trillion. It also says that over the next decade we're on track for annual deficits of "only" $768 billion.

Stossel takes a hack to the federal budget.  If we do this, watch our country make huge gains in growth.  Unemployment will of course increase, but we have unemployment insurance to cover for separation. 

I have included a list of all the budget cuts.  For the full list see full article via Reason.  We here support these cuts, as we feel the US is practically insolvent, and inflation and interest rates rising will put the final nail into our fiscal coffin.  Via Reason:
  • Privatize air traffic control
  • Privatize Amtrak.
  • End rail subsidies
  • End NPR, PBS subsidies
  • Cancel the Small Business Administration.
  • Repeal the Davis-Bacon rules under which the government pays union-set wages to workers on federal construction projects.
  • Cut foreign aid by half (although we should probably get rid of all of it)
  • Eliminate the U.S. Education Department.
  • End  agriculture subsidies
  • We eliminate Housing and Urban Development.
  • Cut the Energy Department
  • End the war on drugs.
  • Raise the retirement age and indexing benefits to inflation for Social Secuity
  • Scale back Medicare and Medicaid
  • Take 50,000 soldiers from Germany, 30,000 from Japan, and 9,000 from Britain.
  • Repeal Obamacare
  • Cut the Department of Homeland Security
  • Cut the Commerce Department
That balances the budget and puts us into huge surplus. 
As the bureaucrats complain about proposals to make tiny cuts, it's good to remember that disciplined government could make cuts that get us to a surplus in one year. But even a timid Congress could make swift progress if it wanted to. If it just froze spending at today's levels, it would almost balance the budget by 2017. If spending were limited to 1 percent growth each year, the budget would balanced in 2019. And if the crowd in Washington would limit spending growth to about 2 percent a year, the red ink would almost disappear in 10 years.


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