One of the main tasks of Congress is balancing the budget annually. The following is an itemized list of how the federal debt could be reduced drastically:
- Department of Agriculture: Farm subsidies has been continuing since the 1930s, despite that the Great Depression ended long ago. Estimate of spending: $87 billion annually. In addition to ending farm subsidies and reducing food subsidies, the Department of Agriculture should be reduced as a minor office, eventually eliminated altogether.
- Department of Commerce: End telecommunication subsidies including economic development subsidies. This will save $3 billion annually and reduce the size and scope of the department.
- Department of Defense: The progressive liberal Congress wants to cut this department by $500 billion to make up for the expenses of departments like the first two mentioned. A reasonable budget would be $150 billion absorbed by all branches of the armed forces and stop using our military to fight other nations wars. Our defense and reaction strength should not be compromised – but the federal debt could be decreased without compromising our national security.
- Department of Education: This should be one of the main departments to be eliminated, which will save $86 billion and turn the matters of education over to state governments – closer to the People and each state responding according to regional needs.
- Department of Energy: End subsidies of energy efficiency programs, vehicle technologies, electricity research, and nuclear energy. Eliminate the technology loan program that has been abused for so long as well as fossil energy research. All of that belongs to the private sector. Those cuts would save $21 billion per year and reduce the Department of Energy scope to a limited government office.
- Department of Health and Human Services: This department spend a lot of taxpayer funding with a cost of $353 billion annually not including the full-swing implementation of Obamacare. The first priority would be to repeal Obamacare, reduce non-Medicaid state and local grants by at least 50%, cut the Medicaid payment rate and increase Medicare premiums as well as Medicare deductibles. This will also reduce the size and scope of this government office.
- Department of Housing and Urban Development: This is another department that requires elimination along with all of its entitlement programs that would save $61 billion per year.
- Department of Justice: End state and local grants that will save about $5 billion per year.
- Department of Labor: End federal employment and training programs, job corps, community service for seniors, and trade adjustment assistance that will save $9 billion annually – objective to eliminate the department, at the same time eliminate union power over government jobs. No private entity should have control over government employment, ultimately that is the job of Congress.
- Social Security Administration: Prime concern is to make a few cuts that costs about $86 billion annually without endangering the financial security of seniors who have paid into the system all their working lives. Focus should be on reducing the disability program by 10%. It is not conducive to increase the normal retirement age because after 60 years, employment is hard to keep or obtain. An effort to offer voluntary privatization program should take effect immediately, eventually turning it over to a private investment program totally.
- Department of Transportation: End all urban transportation grants, privatize air traffic control, end railroad subsidies, and privatize Amtrak, saving the federal government about $15 billion per year. This will also reduce the size and scope of this office. Focusing on maintenance of national roads and bridges should be its priority, in accordance with US Constitution.
- Department of Treasury: Cut earned income tax credit by 50% and eliminate refund part of child tax credit; while working to repeal the 16th Amendment and replace the income tax to a consumption tax at a flat rate. Reduce the IRS to a simple auditing agency. Savings per year: $46 billion not including the employee cost and paperwork cost savings of having no income tax system.
Remember this: the more programs that government involves itself, the more agencies and departments are required and employees to operate them – high cost of big government; reason why the US Constitution is explicit for a limited government.
Among the cuts there should be the elimination of the congressional retirement fund program. Elected officials are not authorized to receive a retirement program at taxpayer expense. Congressional members have social security benefits like the rest of population and opportunity to invest in private IRA type retirement programs. With the addition of the following cuts, an additional savings of $98 billion could be realized: reduce civilian government employee compensation by 10%, cut foreign aid by 50%, privatize the Army Corps of Engineers, repeal the Davis-Bacon Labor rules, end all EPA state and local grants, end foreign military financing, end all subsidies to Corporation for Public Broadcasting and Corporation for Community Service; privatize TSA, and eliminate Neighborhood Reinvestment Corporation.
The total savings per year would be approximately $1 trillion. This will aid the federal government in reducing foreign debts, especially important in removing the debt with China. At the same time, true efforts to limit government to what the US Constitution prescribes would be achieved.
Reduction of taxation to these cuts would benefit the national economy as well as the government. Changing from income to consumption taxation at a fixed rate will also benefit both the citizens and government. The amount of taxation should be the minimum required to operate the US government. In addition, the Federal Reserve must be audited and eventually dissolved – printing money only when backed by federal specie, which is presently gold. A free-market society is the best in keeping the economy healthy. Over regulation by government always makes costs rise for the consumer and hinders business, especially small businesses that is the backbone of the American economy as well as means of income.
Main Source: Rules for Radical Conservatives