ve it would save almost $10 billion. Another area that could use revision is the economic aid that the Unites State provides allies and friends. The United States must stop acting like a big brother and stop helping themselves. If just one half of foreign aid was cut in half it would save tax payers $9 billion.Medicare is also a costly expenditure in the federal budget. If new cost control measures were imposed to persons with family incomes of over $35,000, Medicare would save $10 billion. Reorganizing assistance to the poor would also save the government alot of money. For instance it can re-evaluate who can and can not get government assistance. An example of a proposed reduction could be that welfare be only given to people who are physically incapable of working. This would save an estimated $25 billion annuallyThe federal government provides over $100 billion a year to state and local government. If the United States government were to eliminate projects with primarily local impacts, such as local economic development and money to operate local bus and subway systems it would save $20 billion dollars.It is true that everybody hates to hear about taxes. However, if the deficit and national debt are going to be reduced they must also play an important role. For instance if the sales tax in every state was increased by just one percent it would add $15 billion to pay for the debt. Another option would be to “freeze” government spending. This does not mean to stop government spending completely, but just to not increase it any further. As you have read it is possible to reduce the government debt. However, the government must first know that we care.F. What you can do to reduce the national debtSo often when we hear of economic problems and government decisions, we close our eyes and ears. Our vision is confined to our small, private worlds. We tend to take the attitude that we can do nothing about it. T...
