How To Cut $2 Trillion: A Blueprint From Ronald Reagan’s Budget Cutter To Musk, Ramaswamy And The DOGE TEAM

The DOGE $2 trillion budget savings goal is crucial to the very future of constitutional democracy and capitalist prosperity in America. In fact, the soaring public debt is now so out-of-control that the Federal budget threatens to become a self-fueling financial doomsday machine. When Ronald Reagan was elected in 1980 on a call to bring the nation's inflationary budget under control, the public debt was $930 billion and about 30% of GDP. By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion and 125% of GDP. Moreover, by the end of this decade the Federal fiscal equation will be going supercritical without sweeping budget reductions at the level of the DOGE target. Thus, by FY 2034 the annual baseline deficit according to CBO will total $2.9 trillion and 7% of GDP. Accordingly, to reach $2 trillion of annual savings will require a deep dive. In chapters 2-6, Stockman lays out the most plausible and judicious route to the $400 billion of "Slash the Fat" savings, followed by the details and an America First rationale for cutting $500 billion per year of unneeded muscle from the national security budget in Chapter 7. Chapter 8 then delves into $1.1 trillion per year of cuts from the bone of entitlement and domestic welfare that would be needed to reach the $2 trillion DOGE savings target. Lists of outrageous anecdotal items provide color about the stupidity and waste that is rampant in the Federal government. But they have nothing whatsoever to do with the fact-based analysis and philosophical U-turns that will actually be required to complete the DOGE mission successfully. David Stockman, Senior Scholar at Brownstone Institute, is the author of many books on politics, finance, and economics. He is a former congressman from Michigan and the former Director of the Office of Management and Budget under President Ronald Reagan. He runs the subscription-based analytics site ContraCorner.
ASIN: 1630692948
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Author/Artist:Stockman, David A.
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