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thanks for this analysis. i am not sure i agree with your analysis of flushing money down toilet due to past deficits, but i like your spunk!

i need to review and comment further.

personally, i find this interesting and enlightening. there are many things that can be done to balance the budget and not reap havoc with those who need help.

here is a list of things i would do to get spending under control. i would completely cut: NSF, medical research, subsidies to get agencies on the internet, assitance for the poor to buy a home and student loans to the needy. these are things that the private sector can do much more effectively.

i would cut by at least 50%, but not necessarily eliminate the following: money for farmers, grants/loans to other countries, retirement plans for federal workers, bridges/subway subsidies (these MUST pay for themselves with fares) and healthcare. furthermore, social security needs to be revamped so that it is not formulated as a welfare system, but rather is situated as a private investment tool/account.

some will question why more welfare and assistance to the poor is not cut. lets do these first, balance and in fact run a surplus. a tax cut can be made. more jobs will be created and then we can revamp welfare knowing that many will be able to find a job in the workplace.

other thoughts?

Actually that should read "Interest on the National Debt". But the point is the same and well taken. It could also be phrased "Waste".