We’re in deep trouble.
You know why. Our debt has passed $14 trillion, and yet our current spending plans will make that worse. The U.S. debt will reach Greek levels in just 10 years.
But do not despair. If we make reasonable cuts to what government spends, our economy can grow us out of our debt. Cutting doesn’t just make economic sense, it is also the moral thing to do. Henry David Thoreau had it right when he “accepted(ed) the motto … that government is best which governs least.”
So what should we get rid of?
We start by closing the Department of Education, which saves $100 billion a year. Education ought to be in the free market. It’s insane to take money from states only to launder it through Washington and then return it to states.
Next, we should close the Department of Housing and Urban Development: $41 billion. We had plenty of housing in America before a department was created. Let’s get government out of that business.
Then we eliminate the Commerce Department: $9 billion. A government that can’t count the votes accurately should not try to negotiate trade. Trade should be free. Free trade creates prosperity. And since trade should be free, we should eliminate all corporate welfare and all subsidies. That means: agriculture subsidies, green energy subsidies, ethanol subsidies and subsidies for public broadcasting. None of these is needed.
I propose selling Amtrak. Taxpayers will save money, and riders will get better service. Why is government in the transportation business? Let’s have private companies compete to run the trains.
And we must finally stop one of the biggest assaults on freedom and our pocketbook, the war on drugs. The drug war is really a war on our own people. The ends do not justify the means.
Read the rest of this brilliant piece at this link.