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InsiderOnline Blog: March 2013

The Budget Ideas Are Out There

If President Obama does not like the meat cleaver, as he calls sequestration, he can find other ideas for cutting federal spending by checking the appendix of Patrick Louis Knudsen’s November 2012 Heritage Foundation paper, “$150 Billion in Spending Cuts to Offset Defense Sequestration.”

Just a few of the ideas worth considering:  Eliminating subsidies for intercity rail would save $4.2 billion per year, consolidating duplicative federal job training programs would save $5 billion, various reforms to Medicaid would save $10 billion, repealing federal grants for health insurance exchanges would save $4 billion, reducing energy subsidies would save $4.5 billion, returning Pell Grants to 2009 levels would save $12 billion, phasing out the ineffective Head Start program would save $3.5 billion, and cutting the corporate welfare programs known as farm subsidies would save $4.5 billion. Also, rescinding unspent stimulus would save taxpayers tens of billions of dollars.

Posted on 03/01/13 11:24 AM by Alex Adrianson

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