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Cutting Federal Waste: Not a Silver Bullet, but Still Important
Posted By Jason Lloyd On February 11, 2013 @ 3:43 pm In Economics | Comments Disabled
President Obama’s State of the Union Address tomorrow evening provides him with a chance to explain how he would put the country on a path to a balanced budget . He should talk about entitlement program reforms and meaningful discretionary spending cuts, but he should also target the low-hanging fruit of spending: waste.
“Federal Spending by the Numbers 2012”:
“Waste Book 2012”:
Eliminating wasteful spending completely—even terminating the entire NASA budget , much less its Mars menu program—would not close the deficit. Lawmakers should cut waste, however, as a positive first step and to demonstrate that they are capable of tackling the main drivers of future spending and deficits: entitlement programs .
To date, President Obama and Congress have a poor record of cutting spending or reforming entitlement programs, but they can reverse course. Targeting government waste is a good place to start.
Jason Lloyd is currently a member of the Young Leaders Program at The Heritage Foundation. For more information on interning at Heritage, please visit: http://www.heritage.org/about/departments/ylp.cfm 
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2013/02/11/cutting-federal-waste-not-a-silver-bullet-but-still-important/
URLs in this post:
 a balanced budget: http://blog.heritage.org../2013/02/01/morning-bell-how-to-balance-the-budget-in-10-years/
 Federal Spending by the Numbers 2012: http://www.heritage.org/research/reports/2012/10/federal-spending-by-the-numbers-2012
 Waste Book 2012: http://www.coburn.senate.gov/public/index.cfm?a=Files.Serve&File_id=b7b23f66-2d60-4d5a-8bc5-8522c7e1a40e
 terminating the entire NASA budget: http://www.heritage.org/federalbudget/spending-cuts
 entitlement programs: http://www.heritage.org/research/reports/2012/11/six-bipartisan-entitlement-reforms-to-solve-the-real-fiscal-crisis-only-presidential-leadership-is-needed?query=Six+Bipartisan+Entitlement+Reforms+to+Solve+the+Real+Fiscal+Crisis:+Only+Presidential+Leadershi
 http://www.heritage.org/about/departments/ylp.cfm: http://www.heritage.org/about/departments/ylp.cfm
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