Re:Fed likely to keep raising rates
by cthor on Thursday October 11, 2018 @11:30PM
(#18198978)
The list of "maddening" items in this article are so comically low-budget it's hard to take this complaint seriously.
None of the 9 listed in the article sound particularly egregious. Almost all are grants to research institutions, which as a process has a lot of flaws, sure, but unilaterally cutting all grant funding is definitely not the solution.
The report totals at $5 billion, but the supposedly most egregious are not even in an order of magnitude near that cost.
Meanwhile, federal income is measured in trillions.
If you want to actually cut federal spending, you have to cut pensions or military spending—political suicide.
None of the 9 listed in the article sound particularly egregious. Almost all are grants to research institutions, which as a process has a lot of flaws, sure, but unilaterally cutting all grant funding is definitely not the solution.
The report totals at $5 billion, but the supposedly most egregious are not even in an order of magnitude near that cost.
Meanwhile, federal income is measured in trillions.
If you want to actually cut federal spending, you have to cut pensions or military spending—political suicide.