Sunday, September 18, 2005

CUTTING TO OFFSET KATRINA

CATO has some ideas (via Instapundit)


Proposed Budget Cuts to Offset Katrina Spending
Annual savings in $billions
ProgramSavingsRationale
Farm subsidies: cut in half$10.6Wasteful and have negative environmental and trade effects
NASA: cut in half$7.9NASA is obsolete with the arrival of private manned space flight
Energy research and subsidies$6.2Private sector responsibility
Subsidies to airports$5.8Airports should be privatized as in dozens of major foreign cities
Community development grants$5.4Projects such as parking lots and sidewalks are a local responsibility
USAID (foreign aid)$4.7Duplicates Bush Millennium Challenge Corporation foreign aid agency
Army Corps of Engineers$4.6Civilian activities should be privatized or devolved to the states
Homeland security grants$4.2Homeland security grants to states have been mired in scandal
Foreign economic aid$2.7Foreign economic aid does not work
Rural subsidies$2.5Wasteful and unfair to urban taxpayers
Bureau of Indian Affairs$2.4BIA is scandal-plagued. Tribes earn $19 billion annually from gambling
Davis-Bacon Act: repeal$2.0Repeal Davis-Bacon and the Service Contract Act to cut federal costs
Air traffic control$1.6"Privatize air traffic control as in Canada and Britain"
Trade adjustment assistance$1.0Unneeded giveaway that is in addition to unemployment insurance
Amtrak$0.4Privatize the rail system
Total$62
Source: Chris Edwards and Stephen Slivinski, Cato Institute, based on Budget of the U.S. Government, FY2006.

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