Stossel: Take A Chainsaw To The Budget

Defense cut by 2/3: $475 billion (Federal Budget, pg. 58)

Medicare/Medicaid*: $441 billion (Cato Institute)

Social Security Means Testing: $170 billion (Heritage Foundation)

Eliminate Dept. of Education (includes Pell Grants): $106.9 billion (Cato Institute)

Social Security*: $85.7 billion (Cato Institute)

Eliminate Dept. of Transportation: $84.8 billion (Cato Institute)

Tax Amnesty: $80 billion (Rep. Jared Polis D-Co.)

Eliminate Dept. of Labor*: $78.6 billion (Department of Labor and White House)

Eliminate HUD: $60.8 billion (Cato Institute)

Eliminate Dept. of Agriculture*: $33 billion (Cato Institute)

Cut civilian employee compensation: $30 billion (Cato Institute)

Stop maintaining vacant federal property: $25 billion (Heritage Foundation)

Eliminate Foreign Aid: $21.2 billion (Cato Institute)

Eliminate Dept. of Energy*: $20.8 billion (Cato Institute)

Eliminate NASA: $19.6 billion (Cato Institute)

Federal Drug War: $15 billion (White House)

Earmark moratorium: $16 billion (Heritage Foundation)

Eliminate Fannie/Freddie Subsidies: $14 billion (Federal Housing Finance Agency (p. 10))

Eliminate Dept. of Commerce: $13.9 billion (Department of Commerce)

Eliminate Dept. of Interior: $12 billion (White House)

Legalize Pot, Online gambling, Immigrants: $12 billion (Rep. Jared Polis D-Co.)

Privatize Army Corps of Engineers: $10.6 billion (Cato Institute)

Cut federal employee travel budget: $10 billion (Heritage Foundation)

Eliminate National Science Foundation: $7.4 billion (National Science Foundation)

End EPA’s State and Local grants: $6.5 billion (Cato Institute)

Repeal Davis-Bacon: $6 billion (Republican Study Committee)

Privatize TSA: $5.7 billion (Federal Budget)

Cut Dept. of Justice’s State and Local grants: $5 billion (Heritage Foundation)

Privatize Post Office: $4 billion (White House)

Eliminate Small Business Administration: $1.8 billion (Small Business Administration)

Lease coastal plain of ANWR: $1.5 billion (Heritage Foundation)

Eliminate Federal Flood Insurance: $1.3 billion (CBO, pg. 3)

Abolish SEC: $1.3 billion (SEC)

Eliminate Corporation for National Community Service: $1 billion (Cato Institute)

Suspend acquisition of federal office space: $1 billion (Heritage Foundation)

End subsidies for public broadcasting: $500 million (Cato Institute)

Eliminate the Neighborhood Reinvestment Corp: $480 million (Heritage Foundation)

Eliminate the FCC: $439 million (FCC)

Eliminate the Endowments for Arts/Humanities: $332 million (NEA/NEH)

Total Cut: $1,882,619,000,000

Current deficit: $1,645,000,000,000

Surplus Achieved: $237,619,000,000

Stossel.

The standard by which budget-cutting should be measured. Have any of these been agreed to?

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