Federal Budget: 10 Cuts That Would Save the Most

The Fiscal Times

Federal Budget: 10 Cuts That Would Save the Most

By Brianna Ehley December 6, 2013 4:45 AM

The clock is ticking on the Congressional Budget Conference Committee, which only has eight days left to cobble together a budget before the Dec. 13 deadline. And though lawmakers have signaled that they are close to a deal, nothing is certain.

Budgeteers in both parties are aiming for a deal that cancels the second wave of sequester cuts authorized under the Budget Control Act of 2011. To undo those cuts, they’ll have to find savings in other areas. Some potential elements in the emerging deal include raising federal employees’ contributions to their pension funds, or having the Federal Communications Commission auction rights to electromagnetic spectrum, according to congressional aides.

Related: Enter New Budget Deal, Exit Loathsome Sequester

As difficult as it may be for Republicans and Democrats to agree on a narrow package to replace the sequester cuts, much more difficult choices lay ahead. As the Congressional Budget Office put it in a report released last month: “To put the federal budget on a sustainable long-term path, lawmakers would need to make significant policy changes—allowing revenues to rise more than would occur under current law, reducing spending for large benefit programs to amounts below those currently projected, or adopting some combination of those approaches.” Continue reading “Federal Budget: 10 Cuts That Would Save the Most”

Conservative Report Finds $1.8 Trillion in Pentagon Savings

POGO Project On Government Oversight - Blog

Conservative Report Finds $1.8 Trillion in Pentagon Savings

 June 6, 2013
 Cash Stack

“The ‘universe’ of programs and processes in need of reform at the Pentagon is more than large enough to allow for compliance with so-called sequestration while maintaining the strongest and most capable military the world has ever known.” – R Street Institute and National Taxpayers Union, June 2013

We couldn’t agree more. This quote, from a report released Tuesday by the fiscally conservative organizations R Street Institute and National Taxpayers Union, reflects a growing consensus that we can no longer afford to overlook waste at the Pentagon. Defending America, Defending Taxpayers details 100 specific recommendations for cuts to the Department of Defense (DoD)—the nation’s largest agency—totaling over $1.8 trillion, and makes a compelling argument for why these cuts will make our defense budget leaner while keeping us safe. Continue reading “Conservative Report Finds $1.8 Trillion in Pentagon Savings”