Since Congress and the White House are promoting astronomical spending, there's got to be somewhere to cut the budget. Otherwise, as I've blogged before, the result will be an overstimulated economy and hyperinflation. I have an idea where the Obama administration could easily secure $15 billion in spending cuts in an area where the Bush administration spent wantonly and without any proof of success--faith-based programs:
"According to White House tallies, nonprofit groups received $15.3 billion in competitive grants in fiscal year 2007, an increase of 3.9% over the previous year. That figure included $2.2 billion to faith-based nonprofits, which have received federal grants of more than $10.6 billion since the initiative got underway in 2002."
Any other ideas out there? Post your thoughts in the comments section.
-- Read more by Bonnie Erbe.
-- Read more from the Thomas Jefferson Street blog.
-- Read more about the Bush administration.
By Bonnie Erbe