Romney's Cuts

http://www.futureofcapitalism.com/2011/11/romney-cuts

Republican presidential candidate Mitt Romney has an op-ed in USA Today explaining his plans. "By the end of my first term, I will bring federal spending as a share of GDP down from last year's staggering 24.3% to 20% or below," he writes.

There are many things government does that we may like but that we do not need. The test should be this: "Is this program so critical that it is worth borrowing money to pay for it?" The federal government should stop doing things we don't need or can't afford. For example:...Enact deep reductions in the subsidies for the National Endowment for the Arts, the National Endowment for the Humanities, the Corporation for Public Broadcasting and the Legal Services Corporation....Repeal the Davis-Bacon Act, a union giveaway that artificially raises costs for government projects, and save taxpayers more than $10 billion a year in the process....Social Security benefits for higher income recipients should grow at a slower rate than for those with lower incomes.

by Editor  |  Nov 4, 2011 at 11:02 am Related Topics:  Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list