We start by closing the Department of Education, which saves $100 billion a year. Education ought to be in the free market. It's insane to take money from states only to launder it through Washington and then return it to states.All good. There's more at the link.
Next, we should close the Department of Housing and Urban Development: $41 billion. We had plenty of housing in America before a department was created. Let's get government out of that business.
Then we eliminate the Commerce Department: $9 billion. A government that can't count the votes accurately should not try to negotiate trade. Trade should be free. Free trade creates prosperity. And since trade should be free, we should eliminate all corporate welfare and all subsidies. That means: agriculture subsidies, green energy subsidies, ethanol subsidies and subsidies for public broadcasting. None of these is needed.
I propose selling Amtrak. Taxpayers will save money, and riders will get better service. Why is government in the transportation business? Let's have private companies compete to run the trains.
And we must finally stop one of the biggest assaults on freedom and our pocketbook, the war on drugs. The drug war is really a war on our own people. The ends do not justify the means.
Now the biggest cuts. Republicans propose to cut discretionary nonmilitary spending. Good. But why stop there? That's only 15 percent of our budget. We must cut more. That means cutting Medicare, Social Security and the military.
I know. Medicare and Social Security are popular, but they are unsustainable. We must privatize Social Security and slowly replace Medicare with vouchers.
And that brings me to Obamacare. The only way to cut costs and still have medical innovation is to free the market. So I propose that we repeal Obamacare immediately. Then we must do more: We must repeal all government interference in the medical and insurance industries, including licensing. All that impedes competition.
Thursday, January 27, 2011
John Stossel's State of the Union
Stossel makes a lot of the same arguments I've made. Here's part of it:
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