Mad Scientist
Feels Good!
- Sep 15, 2008
- 24,196
- 5,431
- 270
1.2 trillion over 10 years? A mere pittance! 9 Trillion? Now we're talkin'!:
Exclusive: Tea Party Would Cut $9 Trillion - US News and World Report
Exclusive: Tea Party Would Cut $9 Trillion - US News and World Report
The only thing I see missing is to End the Fed, at least how it operates now.Their plan would cut spending by $9.7 trillion, and shrink the federal government from 24 percent of GDP to 17.5 percent, in line with the post-war norm. Key initiatives include:
- Repealing the president's health care reform plan.
- Eliminating four cabinet agencies: Energy, Housing and Urban Development, Commerce and Education, and reducing or privatizing the EPA, Fannie Mae, Freddie Mac, and TSA. (I'm holding up 4 fingers Gov. Perry)
- Ending farm subsidies, foreign aid to unfriendly nations, and student loans, or what the Tea Party report called "luxuries we can no longer afford."
- Suspending pension contributions and cost of living adjustments to lawmakers when the budget is running a deficit.
- Killing all congressional earmarks.
- Cut federal employee pay by 10 percent and slash employee travel to $4 billion, half of what was spent in 2000.
- Make the Bush tax cuts and the alternative minimum tax permanent.