20 January 2011

Where’s My Check?

On your mark, get set, slash the debt!
Six different groups received $200,000 grants from the Peter G. Peterson Foundation, and they’ll be offering (likely competing) proposals later this year aimed at tackling the country’s fiscal problems.
The proposals will be unveiled as part of the Peterson Foundation’s fiscal summit later this year. Each proposal will be compared with the baseline the Congressional Budget Office offers later this month. They come as Washington is wrangling over how best to cut spending and could be used to shape budget battles or negotiations over entitlement programs.

Here’s my proposal:  eliminate Social Security, Medicaid, Medicare, and welfare.  This way, we slash spending to $1.8 trillion, and have a surplus of $600 billion, which we can then use to buy back outstanding bonds.

As an additional bonus, all the programs that are eliminated also happen to be constitutional.  It’s a two-for-one deal where we get to adequately address budget concerns and restore rule of law.  It’s a win-win!

I happily await my check.

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