$2.5 Trillion Dollar Government Spending Cuts

# **$2.5 Trillion Dollar Government Spending Cuts Proposal (2023)**<br><br>The purpose of this post is to create a clear and transparent roadmap to massive budget cuts while minimizing the negative side effects associated with such cuts. Budget cuts must be gradual, and they must be done in stages. It is crucial to allow the economy to adjust to these cuts as each stage unfolds. <br><br># **Stage 1: Immediate Actions (Year 1-2)**<br><br>## 1.1. Repeal Tax Cuts (500B)<br><br>We can repeal current tax cuts and establish a more progressive tax system to greatly reduce the deficit and begin tackling our corporate debt and income inequality.<br><br>## 1.2. Assistance Programs (200B)<br><br>Cut the needy out of welfare programs and instead give them cash assistance to live and find jobs.<br><br>## 1.3. Government Assistance to Fossil Fuel Corporations (150B)<br><br>All oil subsidies will be cut. Oil is a dying industry. There is no reason to continue giving tax breaks to oil corporations. All government money is shifted towards renewable energy sources.<br><br>## 1.4 End Foreign Wars (500B)<br><br>End the US involvement in the wars in Afghanistan, Iraq, and Syria. These wars have cost the US trillions of dollars. This is the most obvious and necessary cut of all.<br><br>## 1.5. Cut the Department of Defense by 10% (100B)<br><br>Cut defense spending while maintaining the quality of life current and former military personnel. The United States spends an exorbitant amount on military spending. The Pentagon can easily cut 10% of its budget without necessarily sacrificing quality.<br><br>## 1.6. NASA Budget (10B)<br><br>Cut 10 billion dollars from NASA to help pay off our huge 30 Trillion dollar corporate debt.<br><br>## 1.7. Department of Energy Budget (10B)<br><br>Cut 10 billion dollars from the Department of Energy to help pay off our huge 30 Trillion dollar corporate debt.<br><br>## 1.8. Department of Transportation Budget (10B)<br><br>Cut 10 billion dollars from the Department of Transportation to help pay off our huge 30 Trillion dollar corporate debt.<br><br>Total Savings (1.3 Trillion)<br><br># **Stage 2: Economic and Infrastructure Reforms (Years 2-5)**<br><br>## 2.1. Higher Education Reform (500B)<br><br>Private colleges will no longer receive government assistance. It is wrong for the government to provide financial assistance to private institutions when many colleges (state schools) are already heavily subsidized by tax payers. This would also benefit our economy by giving more students access to more affordable education.<br><br>## 2.2. Medicare (500B)<br><br>Medicare is unsustainable and must be completely overhauled. All Medicare expenses will be moved into the general budget. This will provide a complete picture of Medicare expenses to better manage those expenses.<br><br>## 2.3. Medicaid (500B)<br><br>Medicaid is unsustainable and must be completely overhauled. All Medicaid expenses will be moved into the general budget (managed by the states) to better manage costs while maintaining quality of life for those on Medicaid.<br><br>## 2.4. Department of Energy Research (100B)<br><br>Cut 100 billion dollars from the Department of Energy Research. This money would be better spent on infrastructure projects such as high speed rail, schools, and wind farms.<br><br>## 2.5. Government Assistance to Farmers (100B)<br><br>All government assistance to farmers will be cut. Farmers will no longer receive government subsidies. Subsidies lead to overproduction, which hurts the farmer more than it helps them in the long run. The government will construct a price floor for agricultural commodities to mitigate risks associated with farming. This will ensure farmers are no longer harmed by fluctuations in the market.<br><br>## 2.6. Government Assistance to Big Pharma (100B)<br><br>Big Pharma is heavily subsidized by the government. Those subsidies will be cut and a price control on pharmaceuticals will be established to ensure medications are affordable for everyone.<br><br>## 2.7. Government Assistance to Fast Food and Processed Food Industries (100B)<br><br>All government assistance to the fast food and processed food industries will be cut. This includes subsidies for palm oil, high fructose corn syrup, soy, and other ingredients commonly used in cooking processed foods. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.8. Government Assistance to the Beef and Pork Industries (100B)<br><br>All government assistance to the beef and pork industries will be cut. This includes subsidies for corn, ranches, and other farms. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.9. Government Assistance to the Poultry Industry (100B)<br><br>All government assistance to the poultry industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.10. Government Assistance to the Dairy Industry (100B)<br><br>All government assistance to the dairy industry will be cut. This includes subsidies for milk, cheese, and other dairy products. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.11. Government Assistance to the Fishing Industry (100B)<br><br>All government assistance to the fishing industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure fishermen are no longer harmed by market fluctuations.<br><br>## 2.12. Government Assistance to the Tobacco Industry (100B)<br><br>All government assistance to the tobacco industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.13. Government Assistance to the Cotton Industry (100B)<br><br>All government assistance to the cotton industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.14. Government Assistance to the Sugar Industry (100B)<br><br>All government assistance to the sugar industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.15. Government Assistance to the Wheat Industry (100B)<br><br>All government assistance to the wheat industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.16. Government Assistance to the Corn Industry (100B)<br><br>All government assistance to the corn industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.17. Government Assistance to the Fruit Industry (100B)<br><br>All government assistance to the fruit industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.18. Government Assistance to the Grain Industry (100B)<br><br>All government assistance to the grain industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.19. Government Assistance to the Hay Industry (100B)<br><br>All government assistance to the hay industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.20. Government Assistance to the Hops Industry (100B)<br><br>All government assistance to the hops industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.21. Government Assistance to the Livestock Industry (100B)<br><br>All government assistance to the livestock industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.22. Government Assistance to the Oil Industry (100B)<br><br>All government assistance to the oil industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure oil producers are no longer harmed by market fluctuations.<br><br>## 2.23. Government Assistance to the Organic Industry (100B)<br><br>All government assistance to the organic industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.24. Government Assistance to the Peanuts Industry (100B)<br><br>All government assistance to the peanuts industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.25. Government Assistance to the Rice Industry (100B)<br><br>All government assistance to the rice industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.26. Government Assistance to the Seed Industry (100B)<br><br>All government assistance to the seed industry will be cut. The government will construct a price floor for these goods to mitigate risks associated with their production. This will ensure farmers are no longer harmed by market fluctuations.<br><br>## 2.