David Stockman On How To Cut $2 Trillion Of Fat, Muscle, & Bone From The Federal Budget

[Stalin]

We’d also suggest three big buckets of savings, which we would short-hand as follows:

• Slash the Fat….by eliminating unnecessary and wasteful agencies and bureaucrats wholesale.
• Downsize the Muscle… by curtailing national security capacities and functions not needed for an America First policy.
• Cut the Bone… by reducing low priority entitlements and subsidies that the nation cannot afford, and which a reasonable view of societal equity does not require.

Needless to say, when it comes to the vast wasteland of the Federal budget there are innumerable ways to skin the cat. But based on our own experience of more than a half-century of familiarity with the Federal budget as both a participant and an informed observer, we judge the following mix to be the most plausible and balanced way to get to the $2 trillion of annual savings by FY 2029.

To be sure, even this relatively judicious mix is sure to ignite firestorms on the banks of the Potomac like never before, but it can be strongly justified and defended for the reasons we will lay-out in several subsequent installments.

• Slash the Fat: $300 billion or 15%.
• Downsize the Muscle: $500 billion or 25%.
• Cut the Bone: $1.2 trillion or 60%.

David Stockman On How To Cut $2 Trillion Of Fat, Muscle, & Bone From The Federal Budget | ZeroHedge

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[Phoenix68]

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"The Republican Party was hijacked by modern imperialists during the Reagan era. As a consequence, the conservative party cannot perform its natural function as watchdog of the public purse because it is constantly seeking legislative action to provision a vast war machine of invasion and occupation."

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