Saturday, November 27, 2010

66 Percent Favor Cutting Federal Payroll

From Rasmussen.
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Sixty-six percent (66%) of voters nationwide favor a proposal to cut the federal payroll by 10% over the coming decade. A new Rasmussen Reports telephone survey found that just 22% are opposed and 12% are not sure. (To see survey question wording, click here.)
A 10% reduction in federal payroll costs would lead to direct annual savings of approximately $25 billion a year. However, if no change is made, the federal payroll would continue to grow by approximately $80 billion over the coming decade (assuming growth rates similar to the past decade).
So the combination of direct savings and elimination of expected increases would lead to direct savings of more than $100 billion annually. Additional saving would likely be generated as well as a smaller workforce would probably lead to the elimination or reduction of some government programs. A smaller workforce also would require less spending on supplies, training and support.

Why only 10%, and why take ten years?
We are going to need a real big ax.

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