How To Reduce The Federal Deficit Fast

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Posted on 01/06/2025 7:44:15 AM PST by SeekAndFind

Our national debt is a little over $35 trillion. That’s a lot. Addressing this head-on is not for the weak, the weepy, or those lacking gonads or vertebrae, or both. And it’s going to take more than simply balancing the budget. We must start to draw down the debt immediately.

The federal government (guv) takes in revenue from a variety of sources. This we know. We also know that the guv expends funds all over the place. The deficit is the difference of expenditures over revenue. Or is it? Actually, it’s not. The national debt calculation includes appropriations included in the annual budget that have not yet been expended. It also includes expenditures planned for future fiscal years.

Here are some suggestions for trimming the national debt right now while the 119th Congress and the Trump Administration hash out the final version of the FY-2025 federal budget (October 1, 2024, through September 30, 2025.) It should be ready within six weeks of the inauguration. No time to lose!

What is the process by which the fed bleeds green? Starts with the budget. Once that is signed into law, funding is deemed to have been appropriated for the purposes listed in the budget. This also includes the number of FTEs (full-time equivalent employees).

The Trump White House should direct every agency to list all positions included in the current FY-25 budget projection that are new and unfilled or have been vacant for, say, four months. Yes, it takes a while to bring people on, but if they have been identified and their clearance process is started, maybe count them as filled positions? That will be up to the new Office of Personnel Management.

Immediately halt hiring actions for new unfilled and vacant positions, especially any projected IRS positions.

(Excerpt) Read more at americanthinker.com ...

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1 posted on 01/06/2025 7:44:15 AM PST by SeekAndFind

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