Advancing a Free Society

Another spending cut plan

Tuesday, April 12, 2011

Since everybody else seems to be coming up with plans on how to cope with the skyrocketing national debt, let me try my hand at it too.

The liberals' easy solution is just to increase taxes on "the rich." But, if you do the math, there aren't enough of "the rich" to cover the huge and record-breaking deficit.

Trying to reduce the deficit by cutting spending runs into an old familiar counter-attack. There will be all kinds of claims by politicians and sad stories in the media about how these cuts will cause the poor to go hungry, the sick to be left to die, etc.

My plan would start by cutting off all government transfer payments to billionaires. Many, if not most, people are probably unaware that the government is handing out the taxpayers' money to billionaires. But agricultural subsidies go to a number of billionaires. Very little goes to the ordinary farmer.

Big corporations also get big bucks from the government, not only in agricultural subsidies but also in the name of "green" policies, in the name of "alternative energy" policies, and in the name of whatever else will rationalize shoveling the taxpayers' money out the door to whomever the administration designates, for its own political reasons.

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