$2 Trillion US Federal Budget Cut Strategies
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$2 Trillion US Federal Budget Cut Strategies
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A 2T Cut https://a.co/d/d7U4DtR
The provided source outlines potential strategies for reducing the U.S. federal budget by $2 trillion, a significant and complex undertaking. It suggests a multi-faceted approach, beginning with discretionary spending cuts in areas like defense and other federal programs. The document then moves to adjustments in mandatory spending, specifically targeting healthcare programs and Social Security through various reforms. Furthermore, it explores reforming tax expenditures and proposes revenue increases via corporate and individual tax adjustments, along with new taxes like a carbon tax. Finally, the source emphasizes the importance of improving efficiency, reducing waste, and implementing growth-oriented policies to enhance long-term fiscal sustainability, while also acknowledging the potential economic, social, and political challenges involved in such drastic budget changes.