This is just an example of how different our economic views are.<quoted text> Three points "Nuh". First, I disagree with the premise that there is 5 to 10% that can painlessly be cut from the Federal Budget. Second, this is not the time to further constrict the money flowing into the economy. Each cut in spending by ANYONE results in ripples felt throughout the economy at a time when the economic recovery is faultering....some would say because of the expiration of the payroll tax cuts that consumers felt in their paychecks recently. Third, government is not a business. It is by design called upon to spend more, not less in recessionary cycles. The time to make cuts in government spending is in good economic times, not bad ones.
There will need to be cuts and tax increases in the future but in my opinion, NEITHER should take place now...Let's let the economy strengthen, and unemployment will fall. As more folks get back to work, tax revenues will rise and the cuts will not need to be as severe or the tax increases as large. Pulling money out of this economy NOW is a sure recipe for slower growth and maybe a double dip recession.
What you are describing, the gov't spending more during recessionary cycles, is Keynesian economics. It does not work - never has. Just recently, the $787 Billion stimulus - where's the benefit? Where are the jobs?