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Amtrak: Privitize it?
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<p>Indeed, the big four are the major drivers of the federal debt. Having said that, however, a line item analysis of the federal budget, which I perform each year for an interest group that I participate in at the University of Texas, shows that the small stuff, much of which is discretionary, adds up. </p> <p>Last year I went through the CBO's analysis of items it believed could be cut from the federal budget or reduced significantly without having a deleterious impact on the well being of society. Of course, the CBO's definition of impact is as subjective as yours or mine. Nevertheless, I came up with more than $590 billion, ranging from $93 billion just by cutting improper payments, i.e. errors to fraud, as per the GAO, to $1 million in subsidies for cotton seed storage. </p> <p>No one item is driving the federal budget and deficits. But every little bit of unfunded activity, including the subsidies to Amtrak, adds to the problem. Just a little more gasoline will not put out a fire.</p>
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