Reduce Federal Spending

I am interested in ways to actually reduce federal spending. Here are some suggestions. What do you think?

Here is a suggestion from Chris Edwards. He thinks that a better way to create lasting savings is to restructure entitlements and cut promised benefits. The 1983 law that increased the Social Security retirement age, for example, created ongoing savings that haven’t been reversed. Paul Ryan’s proposed shift to a more consumer-based Medicare and the block-granting of Medicaid would also generate large and long-lasting savings if passed.
Another good way to generate lasting budget savings is to terminate entire programs and agencies. Unfortunately, Republicans have not pursued such reforms in years.
Yet there are many large programs that are wasteful, inefficient, or would be better handled by state governments. Some good prospects for termination — with the rough annual savings — are farm subsidies ($22 billion), energy subsidies ($17 billion), public housing ($7 billion), community development ($14 billion), and K-12 education programs ($56 billion). That’s $116 billion in annual savings right there, or well over $1 trillion during the coming decade.
Other federal activities should be privatized, including the Postal Service, air traffic control, and Amtrak. Privatization would not only create budget savings, it would also boost the economy as the productivity of these services increased.
Such reforms may sound radical to U.S. policymakers, but they have been implemented successfully in numerous other countries. For example, New Zealand ended its farm subsidies, Germany privatized its post office, and Canada privatized its air traffic control.