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Wednesday, November 2, 2011

Deficit Cutting Made Easy!

It is incredibly easy for me to sit here on my computer and in just a few minutes find $1.2-$1.5 Trillion in Federal Government spending cuts over the next ten years (I could find $5-$10 Trillion in just a few hours). Of course, I do not have have personal interests such as reelection to worry about. Nonetheless, it is simple to find spending cuts which is why I'm so puzzled to hear that the super-committee is having difficulty finding the cuts. More than half of the minimum cuts will come off the books automatically at the end of this year (End of the Iraq War)! Below are a few spending cut options that can be implemented: 

Cut deficit by $1.2-$1.5 Trillion over 10 years ($120-$150 Billion a year)

1. $66,000,000,000 - End of the Iraq War
- This is technically a spending cut since $66 Billion will no longer be needed annually for the War in Iraq. The super-committee is already more than half way there.
2. $29,266,824,800 - Cut Federal Government Employees Salary and Benefits by 10% (after 5% of employees are laid off) 
- Average Federal Worker Salary: $67,691, Annual Benefits: $40,785
- Average Private Sector Worker Salary: $42,432, Annual Benefits: $9,882
- After the 10% cut, the federal worker would still be making $45,314.40 more than the private sector worker in salary and benefits annually.
3. $18,400,000,000 - Reduce Corporate Welfare by 20% ($92 Billion Annually)
4. $15,403,592,000 - Layoff 5% of Federal Government employees
- There are about 2,800,000 federal employees (far too many). If 5% of the workforce was laid off that would be about 140,000 people. It may be a difficult for politicians to fire workers, but they are paid to do the difficult things. The nation is in a debt crisis and if the inflated size of the Federal Government is not reduced the crisis will eventually destroy America.
5. $10,000,000,000 - Reduce foreign aid by 20% ($50 Billion Annually) 
- It is time for that money to be used at home.
6. $9,130,800,000 - No more earmarks
 - Obama did promise an end to earmarks!
7. $3,100,000,000 - Cut Saturday Post Office delivery
- The Post Office loses the American taxpayers about $8 Billion annually, it is time for some changes.
8. $146,000,000 - Federal employees refusing to fly coach
- The American taxpayers aren't paying for federal employees to live luxuriously. If federal employees want to travel in style they should pay out of their own pockets.  

Total Annually: $151,447,216,800 ($1.51 Trillion over 10 years) 

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