Monday, February 7, 2011

Butter, Guns AND Corporate Welfare

via WSJ

Skeptics in the statist democrat media (and even some RINOs) say tea partyers can't be serious about tackling the federal budget deficit unless they're prepared to commit political suicide by decimating Social Security and Medicare immediately. Senator Rand Paul begs to differ:
My proposal would first roll back almost all federal spending to 2008 levels, then initiate reductions at various levels nearly across the board. Cuts to the Departments of Agriculture and Transportation would create over $42 billion in savings each, while cuts to the Departments of Energy and Housing and Urban Development would save about $50 billion each. Removing education from the federal government's jurisdiction would create almost $80 billion in savings alone. Add to that my proposed reductions in international aid, the Departments of Health and Human Services, Homeland Security and other federal agencies, and we arrive at over $500 billion.

My proposal, not surprisingly, has been greeted skeptically in Washington, where serious spending cuts are a rarity. But it is a modest proposal when measured against the size of our mounting debt. It would keep 85% of our government funding in place and not touch Social Security or Medicare.
Rand is prepared to slash spending in the Defense Department:
My proposal would also cut wasteful spending in the Defense Department. Since 2001, our annual defense budget has increased nearly 120%. Even subtracting the costs of the conflicts in Iraq and Afghanistan, spending is up 67%. These levels of spending are unjustifiable and unsustainable.
It's time to end corporate welfare:
Consistently labeled for elimination, specifically by House Republicans during the 1990s, one of Commerce's main functions is delivering corporate welfare to American firms that can compete without it. My proposal would scale back the Commerce Department's spending by 54% and eliminate corporate welfare.
We have two choices. Get serious about big cuts or make the kids work as indentured servants for the Chinese:
First, if you believe a particular program should be exempt from these cuts, I challenge you to find another place in the budget where the same amount can feasibly be cut and we can replace it.

Second, consider this: Is any particular program, whatever its merits, worth borrowing billions of dollars from foreign nations to finance programs that could be administered better at the state and local level, or even taken over by the private sector?
So will we do this or should we tell the kids to start learning Chinese?

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