What Does It Take To Cut $2 Trillion of Fat, Muscle and Bone From the Federal Budget?
Posted by freedomforall 5 months ago to Politics
Excerpt:
"A goal of $2 trillion of budget savings is crucial to the very future of constitutional democracy and capitalist prosperity in America. In fact, the soaring public debt is now so out-of-control that the Federal budget threatens to become a self-fueling financial doomsday machine. So more power to the DOGE of Musk & Ramaswamy. In spades!
For want of doubt, just recall this sequence. When Ronald Reagan was elected in 1980 on a call to bring the nation’s inflationary budget under control, the public debt was $1 trillion.
By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion. And under current built-in spending and tax policies it will hit $60 trillion by the end of the current 10-year budget window.
Thereafter, however, soaring interest expense will ignite a veritable fiscal wildfire."
"A goal of $2 trillion of budget savings is crucial to the very future of constitutional democracy and capitalist prosperity in America. In fact, the soaring public debt is now so out-of-control that the Federal budget threatens to become a self-fueling financial doomsday machine. So more power to the DOGE of Musk & Ramaswamy. In spades!
For want of doubt, just recall this sequence. When Ronald Reagan was elected in 1980 on a call to bring the nation’s inflationary budget under control, the public debt was $1 trillion.
By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion. And under current built-in spending and tax policies it will hit $60 trillion by the end of the current 10-year budget window.
Thereafter, however, soaring interest expense will ignite a veritable fiscal wildfire."
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In the federal government, we couldn't make capital expenditures that exceeded our allotted portion of our yearly budget because we were not allowed to carry funds forward between years. As such, making a large purchase for a Storage Area Network device (would last 5-7 years) is impossible and needed so they would wast money on crap they didn’t need to get rid on the money.
I would immediately suspend all budgets, institute a simple feedback loop giving an incentive for returning unspent funds. This alone would cut a massive amount of wast.