It doesn't seem hard to believe that $600B - $800B of fraud and waste could be saved without reducing programs to beneficiaries. if you add on the removal of some superfluous programs, like Education and Housing, $1 trillion would be almost easy. as well, by removing waste, this would cut baseline spending going forward.
Your notion reminds me of something Brad Gerstner said:
"assuming a conservative 3.5% annualised revenue growth rate by the US government, a 3% reduction in expenses each year would have the government back to a breakeven budget by 2029."
It doesn't seem hard to believe that $600B - $800B of fraud and waste could be saved without reducing programs to beneficiaries. if you add on the removal of some superfluous programs, like Education and Housing, $1 trillion would be almost easy. as well, by removing waste, this would cut baseline spending going forward.
btw - if you know someone that may benefit from getting access to Investing by Design, I would appreciate it if you could share this with them.
https://open.substack.com/pub/thegryningtimes/p/investing-by-design?r=7c553&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
Your notion reminds me of something Brad Gerstner said:
"assuming a conservative 3.5% annualised revenue growth rate by the US government, a 3% reduction in expenses each year would have the government back to a breakeven budget by 2029."
https://www.youtube.com/watch?v=-7bJtS7koQM&t=465s