In the midst of the inflation that has been occurring recently, one method of dealing with it is to ease the burden on the taxpayers. And in order to do that would be the following solution:
Cut spending and start selling.
Here are some ways to do it.
Sell off the following agencies, boards, etc. to the private sector:
- United States Postal Service
- Federal Deposit Insurance Corporation (FDIC)
- Tennessee Valley Authority (TVA)
- Amtrak, Smithsonian Institution
- African Development Foundation
- Inter-American Foundation
- Millennium Challenge Corporation
- United States Agency for International Development
- United States Trade and Development Agency, Japan-U.S. Friendship Commission
- Overseas Private Investment Corporation
- Peace Corps
- Barry M. Goldwater Scholarship and Excellence in Education
- Commission on Fine Arts
- Harry S. Truman Scholarship Foundation
- Institute of Museum and Library Services
- J. William Fulbright Foreign Scholarship Board
- James Madison Memorial Fellowship Foundation
- John F. Kennedy Center for the Performing Arts
- Morris K. Udall Foundation (a.k.a. Scholarship and Excellence in National Environmental Policy)
- National Endowment for the Arts
- National Endowment for the Humanities
- National Science Foundation
- Broadcasting Board of Governors (a.k.a. International Broadcasting Bureau, a.k.a. Radio & TV Marti)
- Corporation for Public Broadcasting
- Farm Credit System Insurance Corporation
- National Aeronautics and Space Administration (NASA)
- Northwest Power and Conservation Council, Stennis Center for Public Service
- United States Holocaust Memorial Museum
- Woodrow Wilson International Center for Scholars
- Social Security Administration.
There should be stipulations regarding the sale of some of these entities. First, they should be sold to American-owned and operated enterprises within the private sector (in addition, the buyer must not be a front for any foreign enterprise). Second, this stipulation would apply to any subsequent sale of the entity. Thus, you wouldn’t have to worry about the mail being controlled by the Saudis or the Chinese providing insurance to banks.
In addition, the following departments, agencies, etc. should be eliminated:
- Department of Education
- Department of Energy
- Internal Revenue Service (IRS)
- Consumer Financial Protection Bureau
- Corporation for National & Community Service
- Council on Environmental Quality, Export-Import Bank of the United States
- Federal Election Commission
- Federal Energy Regulation Commission
- Federal Home Loan Mortgage Corporation (Freddie Mac)
- Federal National Mortgage Association (Fannie Mae)
- Federal Reserve System
- Financial Crisis Inquiry Commission
- Legal Services Corporation
- Medicaid and Chip Access Commission
- Medicare Advisory Payment Commission
- National Bipartisan Commission on the Future of Medicare
- National Commission on Fiscal Responsibility and Reform
- Office of Social Innovation and Civic Participation
- Postal Regulatory Commission
- Presidential Commission on Election Administration
- Small Business Administration
- Social Security Advisory Board
- Vietnam Education Foundation
- White House Commission on the National Moment of Remembrance
- White House Council for Community Solutions
- White House Initiative on Asian Americans & Pacific Islanders
- U.S. Bankruptcy Courts
- U.S. Court of Federal Claims
- U.S. Court of International Trade
- U.S. Tax Court
- U.S. Court of Appeals for the Federal Circuit
- U.S. Court of Appeals for the Armed Forces
- U.S. Court of Appeals for Veterans Claims
- all Czars
All of this selling and elimination of government departments, agencies, etc. would give the economy a boost. If only the Biden Administration would do it.
