Saturday, April 20, 2024

Fixing the Budget


I’d like a budget reset back to 2000 with adjustments for inflation and population growth

fedgov budget in 2000: $2.03 trillion
US population in 2000: 284 million
per capita fedgov spending: $7,147

adjusting for inflation, we get $12,963 per capita

US population 2024 = 341 million

After adjustments, the fedgov budget should be: $4.4 trillion

That was about the revenue in 2023. Interesting. However, the budget that year was $6.1 trillion, and spending this year will exceed that.

So spending should be cut by $1.7 trillion or a 28% across the board budget cut.

Across the board budget cuts are best because it prevents arguments about what's essential or not. 

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