Conservatives are starting to talk about where to cut the federal budget. Here are some of their suggestions which add up to cutting $51 billion, leaving $1,300 billion to go.
Some initial targets for GOP reformers, with rough annual savings, could include: community development subsidies ($15 billion), public housing subsidies ($9 billion), urban transit subsidies ($9 billion), and foreign development aid ($18 billion). On the entitlement side, initial cuts could include raising the retirement age for Social Security and introducing progressive price indexing to reduce the growth rate of future benefits.
For more, see What Spending Should the GOP Cut? by , November 3, 2010 at Cato @ Liberty.
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