When tax revenues fall, what kinds of programs should get cut first?
In the federal budget, there are certain programs you can’t cut—at least not easily. The entitlement programs like Social Security and Medicare can’t be cut. But if you want, you can name them. Just realize that it takes an awful lot more political power to cut them than it does to cut other programs.
Defense. Highways. Space. Education. Health care for poor people. Housing for poor people. Food assistance for poor people. College education. Science. Research. Prisons. Environment.
What do you think it makes most sense to cut away first and why?