Monday, June 15

Serious Cutting of Gov't

It is true that Republicans have lost much of their credibility when it comes to lower spending by being complacent and even advocates for bigger government. In fact, they still aren't getting it. Their report they spend 99% as much as President Obama according to Heritage.

Brian Riedl also offers some other ways that Republicans could and should advance to cut the size of government.

 * Eliminating the $60 billion spent annually on corporate welfare programs.
 * Reducing farm subsidies for large and profitable agribusinesses, which actually worsen the farm economy.
 * Devolving functions like highways, economic development, education, housing, and anti-poverty programs to state and local governments that are closest to the people. This would eliminate the expensive Washington middleman, and tailoring local programs to local needs (while eliminating failed programs) would surely save tax dollars.  Given the unpopularity of Washington, this should be a no-brainer.
 * Most importantly, addressing Social Security and Medicare, which would otherwise require a doubling of all current tax rates. A logical place to start would be a progressive indexing of Social Security benefits for upper-income seniors and also stopping over-subsidizing the Medicare B and D premiums for upper-income seniors.


Anonymous said...

Those suggestions are excellent. This is just one more reminder that the only real way to keep our economy strong is not by raising taxes, but by keeping taxes low, fair and simple.

I've been looking for a way to take action and contact our legislators and sign petitions and found some good policy the U.S. Chamber of Commerce backs (here). I don't have a lot of money or time, but I figure this will help other people do good.

Jake said...

Au contraire the strongest U.S. economy is during higher taxation times. Lower taxes have allowed a short boom, but then have been followed by large collapse.

That said Lucas your first two are right on and I definitely agree with parts of the third and fourth ideas. However one thing I absolutely don't agree with is that these ideas are or should be "republican". These are ideas to be seriously considered by all our legislators regardless of party affiliation. This "us and them" mentality is what is killing this country. People we elect represent all of us not just the ones with the same ideological viewpoint.