In this American Thinker article, Rhys Read outlines a practical plan to balance the federal budget and reduce unsustainable $1.9 trillion deficits, calling for aggressive cuts to fraud, subsidies, bureaucracy, and targeted reforms to entitlement programs.
- Eliminate fraud estimated at $200-500 billion annually, targeting $300 billion in savings through accelerated efforts already underway.
- End climate change subsidies and control regimes, including ethanol subsidies, saving approximately $300 billion per year.
- Shift to individual health accounts to reduce bureaucratic bloat in the ACA, generating about $300 billion in annual savings.
- Slash bloated bureaucracy with one-third reductions in staffing and compensation, saving $600 billion yearly by aligning federal pay and benefits closer to private sector levels.
- Eliminate duplicate programs, sell government assets, and separate infrastructure funding via user fees and new EV taxes for additional $250-400 billion in deficit reduction.
- Reform Social Security and Medicare through modest tax increases on FICA, tripling the wage cap with credits, and adjusting retirement ages to generate $300 billion annually while preserving solvency.
- Target federal debt reduction to 30-40% of GDP, enabling future tax relief once the budget is balanced through these combined measures.
Read the full story:
https://www.americanthinker.com/articles/2026/06/how_do_we_balance_the_federal_budget.html
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