Sunday, July 03, 2016

Yes, it’s possible to balance the budget in one year if Congress listens to these recommendations

Yes, it’s possible to balance the budget in one year if Congress listens to these recommendations « Hot Air:
Image result for corporate welfareThis week Citizens Against Government Waste released their annual Prime Cuts 2016 report, which is a detailed list of which pork can be cut from the orgy of spending that occurs in Washington. 
...In all, there were 618 recommendations to get spending under control.
In crunching the numbers, CAGW found that there were $644.1 billion in immediate savings, with $2.6 trillion over the next five years if all of the recommendations were acted upon in the report. 
That could lead to a balanced budget in a year:
…[I]f all of the Prime Cuts recommendations were adopted, a balanced budget could be achieved in one year. Since CAGW’s inception in 1984, the implementation of its recommendations has helped save taxpayers $1.4 trillion.
Prime Cuts 2016 addresses every area of government spending. For example, the report proposes eliminating the Market Access Program (MAP), which aims to help agricultural producers promote U.S. products overseas.

However, MAP is really a corporate welfare program that funnels millions of dollars to large, profitable corporations and trade associations that can well afford to pay for their own ads. Eliminating MAP would save taxpayers $1 billion over five years.[…]
While some in Congress consider DOD spending to be sacrosanct, U.S. military brass is on board with cost savings at the Pentagon. In August 2013, Navy Vice Admiral David Dunaway stated, “In the face of decreasing budgets, rapidly evolving threats, and a shift in national defense strategy that demands more than ever from our naval forces, it’s imperative that every dollar spent increase warfighting capability.”...

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