Rate...Debate...Educate...
The Place For Civil Political Discourse
Today's Featured Politician
Dennis Ross
Dennis RossRepublican, FLCurrent Position:Congressmansince January 01, 2011
Click here to view:
  • Videos
  • Articles
  • Positions
  • Funding
  • Endorsement
  • Voting Record
Welcome to AllAboutPolitics, a forum where people of all political persuasions come together in a strictly spin-free zone where insights are more important than insults and civil discourse matters more than stinging soundbites.

It doesn't matter where you are on the political spectrum - Democrat, Independent, or Republican - AllAboutPolitics is the place to be for intelligent political debate, unvarnished facts and stats, and access to local and national politicians.

AllAboutPolitics is free for all voters, but to participate in debates and follow the feeds of your favorite politicians, you'll need to create a profile, which also is free.
Follow us:

Follow Us On Facebook   Follow Us On Twitter   Follow Us On Instagram
daily polldaily debatepolitical communitiespolitician profilespolitical articlespolitical facts statspolitical newscreate an account

Political Article

Will Spending Ever Be Cut? And If So, Where?

Would you believe that the government spends more than it takes in? Of course you do. But do you know how much, and why?


As shown in the table below, federal government spending has increased from $3.6 trillion in 2011 to $4 trillion in 2016. While some would argue that the rate of spending (~11%) is less than the rate of increased revenues coming into the federal coffers (from $2.3 trillion to $3.5 trillion, or a whopping 53%), one only has to look at GDP growth for that time period (the Obama Administration was the first in modern history to never have a single year of GDP growth) to see that bigger government and more spending hurts the economy, let alone the implications of huge national debt.


Federal Revenues, in trillions (source = http://www.usgovernmentspending.com)


2011

2012

2013

2014

2015

2016

Revenues

2,303.5

2,450.0

2,775.1

3,021.5

3,249.9

3,525.0



2011

2012

2013

2014

2015

2016

Spending

3,603.1

3,537.0

3,454.7

3,506.1

3,688.3

3,999.0



Obviously, the government cannot keep spending like a drunken sailor. Spending on Social Security, Medicare, welfare programs, and interest on the national debt already comprise over 60% of our spending, and with more people approaching Social Security and Medicare age, these costs are only going to increase.


Though many people live their lives day-to-day, and might not hear - or care - about these issues, such group think is detrimental to our country and leaves our children saddled with a problem that only gets worse each year. As such, both political parties in our country need to come together to develop and implement a plan for spending less.


So a key question is, what should we cut? But the bigger question is whether our politicians have the gumption to do so. Most politicians want to actually raise defense, entitlement, and other spending, but with the National Debt currently more than $20 trillion, we’d be in big trouble. 


That said, below is a list of suggested places to cut. We just hope our politicians can do something to stem the flow of overspending, and to do so in a positive, unilateral, and bi-partisan way. And this means Rs and Ds working together – and not throwing out claims that the other is a racist, a bigot, or wants to harm children or seniors. 

Ideas To Help Reduce Spending:


  • Adopt A Balanced-Budget Amendment
    We have a balanced budget at home, so why shouldn’t the government have one. After all, that’s our money also!


  • Reduce Fraud, Waste, And Abuse
    Whether we are talking about pork barrel spending, Food Stamp and disability abuse, or cost overruns on government-related projects, no one would argue there isn’t billions of dollars in savings if we just make an effort.

  • Change The Minimum Age For Receiving Social Security Benefits
    More than 60% of federal expenditures go primarily to Social Security, Medicare, Medicaid, and other social programs. Raising the retirement age for Social Security benefits from the current retirement age for those born in 1960 or later from 67 to 70 alone would save $35 billion in expenditures through 2024.


  • Make Social Security Benefits Means Tested
    An extra $2,500 a month to a millionaire wouldn’t be missed. Multiplied by hundreds, this creates a large savings pool that can be used to fund retirement for those who truly need it. 


  • Allow Individuals To Opt Out of Social Security – Or At Least Manage Their Own Funds
    Allowing individuals to manage at least 50% of their own funds would both create opportunities for more retirement funding for those that do, plus would help the stock market rise even more.

  • Reduce the Number of Government Agencies And Employees
    Limiting replacement personnel to no more than one employee for every three workers who leave and reducing the annual across-the-board adjustment for civilian employees would save an estimated $10.3 billion annually.

  • Negotiate Better!
    Whether the government is buying a new Air Force One or supplying prescription drugs through Medicaid, simply putting someone in charge of negotiating the prices will save us untold billions!


  • Get The Government Out Of Healthcare
    Whether it be the Obamacare, IRS, the Post Office, or Amtrak, the government has proven that it does not run things profitably or effectively. If the government must be involved, work to get basic checkups and catastrophic insurance in place, but let people make their own decisions – and manage what they want or need – and costs will drop dramatically.


  • Utilize Effective Fiscal And Regulatory Policies
    Policies matter, and replacing job killing regulations with policies that help our economy will create additional tax revenues that will help reduce the debt


  • Implement Public-Private Partnerships
    It seems that every government project has massive cost overruns and often doesn’t turn out well. Why don’t the government take a ‘consultative’ approach where they can bid out, then supervise, infrastructure and other projects. We know that companies will in almost every case will do projects better and cheaper. This also will create another tax base. 


These are just a few ideas. What other ways do you think we could implement to help our spending problem?


Comment On This ArticleComment:
Please Login or Create An Account to voice your opinion.