Tuesday, January 26, 2010

Let the Budget Cutting Begin!! And quickly end....

The President is proposing cutting Discretionary Federal spending by $250 billion over 10 years, or more simply, $25 billion per year for 10 years. Entitlements like Social Security and Medicare will not  be affected, as well as defense spending, homeland security, veterans, and international affairs.  I would like to help him out with a suggestion.   An area ripe for cutting is subsidies.  However, cutting these are going to be the MOST difficult because they are closely tied to powerful interest groups who are usually strongly defended by the Senator/Congressperson who requested the subsidy.  Watch for ALL the interest groups and their lobbyists to pounce on this one...Below is a graph of the number of subsidies granted over time. The graph below this one shows in what Federal agency is responsible for the subsidy....





Cutting subsidies from Health and Human Services is going  to be especially problematic...
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