Tags: CAGW | cutting | government waste | balance | budget

CAGW: Cutting Government Waste Can Balance Budget in 3 Years

Image: CAGW: Cutting Government Waste Can Balance Budget in 3 Years

By    |   Tuesday, 19 September 2017 02:46 PM

Citizens Against Government Waste says eliminating $2.3 trillion of government waste would balance the budget in three years.

The nonpartisan watchdog group made its claim in its Prime Cuts 2017 report, which details 607 recommendations to cut inefficient spending. 

It says wasteful government spending needs to be cut.

"This year's 'Prime Cuts' addresses every area of government spending," said Thomas Schatz, president of CAGW in a column for The Hill.

If all the recommendations were adopted, a balanced budget could be achieved in three years, he says.

"For example, the report proposes eliminating the Market Access Program, which aims to help agricultural producers promote U.S. products overseas.

"However, it is really a corporate welfare program that funnels millions of dollars to large and profitable corporations and trade associations that can well afford to pay for their own ads. Eliminating this program would save taxpayers nearly $1 billion over five years."

Included in the report are recommendations to eliminate the sugar, dairy and peanut programs, "which would collectively save $1.5 billion in one year," Schatz says.

"Suspending federal land purchases would save $466 million in the first year," he says. "A repeal of the Davis-Bacon Act would save $512 million in one year. Reducing improper Medicare payments by 50 percent and increasing the use of software asset management tools would also save taxpayers billions of dollars."

And he said the Department of Defense could do away with needless spending without jeopardizing national security. He notes $500 million for the F-35 Joint Strike Fight Program could be eliminated.

"The only way to put the United States on a path toward fiscal sanity is for the nation's leaders to make bold decisions to reduce wasteful spending," Schatz says. "'Prime Cuts' is an invaluable resource in that process."

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Citizens Against Government Waste says eliminating $2.3 trillion of government waste would balance the budget in three years.
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Tuesday, 19 September 2017 02:46 PM
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