The budget
and the debt just might be the single greatest advantage Trump has over
Hillary. Both candidates are making some
hefty promises regarding certain issues that will cost the taxpayers a lot of
money.
Hillary
wants to push the healthcare button towards full and complete government run
healthcare. But she not only wants to
push that button, she wants to include illegal immigrants into that equation as
well. Her solution to paying for this…as
is the case with every liberal entitlement, by taxing the rich. As though the rich will just keep paying more
and more while getting less and less for their money.
Hillary also
wants to make a college education free for all who want it. This is yet another nine figure entitlement
that will bankrupt this country. And, of
course, the rich will pay for this too.
Because the rich want to.
Trump also
wants to revamp the healthcare programs.
He wants to get rid of Obamacare and push the healthcare industry back
in the direction of free market competition.
He wants to allow for cross-state competition and to restrict lawsuits
against doctors. Thus lower costs for
Americans. He does want to try to extend
our medicare program to those who have no group coverage and can’t afford
health insurance. But his solution to
paying for it is to go hard after corruption and theft in the system and to
inject competition into Medicare that would lower costs, thus opening the doors
to paying for others to be a part of the Medicare system without raising costs.
Trump’s
child care program is another that would cost money. However, he is going into this with the idea
of paying for it by finding waste and corruption in the current budget.
Having read Martin
Gross’ book, The Government Racket: Washington Waste A to Z, I can tell you unequivocally
that hundreds of billions of dollars could be saved every year by simply
imposing a simple rule on the federal budget.
It’s called the Zero Base Budget rule.
It requires every department and agency in the government to start from
zero every year when submitting their budget requests.
Let me
explain by telling you what happens now.
As a particular budget year comes to an end, agencies and even
individual congress persons rush to spend the budget they were given that year. You hear about, for example, congressional
overseas trips at the end of the budget year.
These are done a simple reason: they want to make sure they spend all
that was budgeted to them. The reason
for this is that when they submit their budget request for the following year,
all they have to do is show they spent their entire budget the previous year
and thus all they need to do is ask for some percentage increase.
They don’t
have to justify the increase except by showing they spent everything the year
before. It doesn’t matter whether they
actually need the increase. They’ll just
take it.
Every agency
does this. Imagine the Department of
Agriculture requesting an additional $200m to build a new Midwest office for
their Dept. The next year, with the building complete,
they show that they spent their entire budget the year before and request an
automatic increase of 10%. It doesn’t
matter that they don’t have to spend $200M on a new building this year. There is no justifying the increase. They just get the increase.
A Zero Based
Budget would require each department and agency and congress person justify
their budget requests each year. It is
estimated that using a ZBB on the federal budget would save between $50B and
$500B/per year. And that compounds
because every year the ZBB prevents an agency or department from just
automatically increasing their budget saves exponentially.
Combined
with millions more jobs contributing to the treasury with taxes, the better
trade deals that benefit Americans and also increase the treasury, negotiating
contracts to build what we need at a reasonable cost and more, this is how
Trump plans on balancing the budget while still doing so much to rebuild our
country.
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