In response to:

What to Cut Next

Ned6 Wrote: Mar 18, 2013 10:57 AM
An incremental approach to cost cutting will not work. Program cuts release a hornet's nest of people who benefit from the programs cut. As we saw with the sequester, cutting $80 billion out of a deficit of $1.3 trillion was described as a disaster. A clean sweep should include everything. However, since we are stuck with a dependent society, it must be replaced with something better that changes incentives. This can be done through a revised tax code. My recommendation would be a highly progressive flat tax, that replaces all deductions, means-tested programs, and 1/3 of Social Security and Medicare benefits. For more on this see: http://www.youtube.com/watch?v=ESzXZ0LUumY

For supporters of limited government, there is some good news coming from Washington. On entitlement spending, House Budget Committee Chairman Paul Ryan’s new spending plan would reform Medicare and Medicaid, repeal Obamacare, and balance the budget over 10 years.

And on the discretionary side of the federal budget, the recent sequester will, in theory, trim about $1 trillion from projected spending over the next decade, and that comes on top of similar-sized cuts from the budget caps enacted in 2011. Those cuts are only a fraction of the nearly $50 trillion that the federal government is expected to spend...