I'd start with foreign aid and our sending money and supplies to countless other nations. I get that other nations are sucking worse than we are, but we can't have it both ways. We can't complain about how broke we are and still send money to other nations.
I'd also recover the vast majority of our armed forces overseas and bring them back to their home stations - and ideally back to CONUS. We have not been tasked by anyone to be the world police, and its not something we should be jumping on by ourselves. We need to enter a period of national regrouping and recovery where we focus on education, production and trade - not "defense."
Another area we can save money is by not buying a whole new "set" of the latest and greatest war machines. Do we really need 2000+ F-35s or F-22s? No, we really don't. I'm all for continuing R&D and making more better fighters and other systems, but we don't need to fully field each iteration. Let's save some of that $$ we don't spend buying a new fleet and put it back into making the next system better. There is no other nation on the planet capable of going toe to toe with the US in the air, on the ground, or in the water - what is the purpose of increasing that disparity? The trade off is that we are losing the race in education, cyberspace, and space exploration. We're trading long term benefits for short term security. That will be what puts the US at the mercy of other nations in the next century.
Foreign aid costs us billions every year, to countries we receive little to no tangible benefits from in aiding. Call me heartless, but we cant afford to give right now, we need to focus on our own country. Thank god other countries havent called in their debts.
I would then look at changing how the government conducts business in general. I would look at contracting to private companites to handle the delivery of services to the people. It would actually be cheaper and more efficient to hire companies that would have a profit motive that would reduce fraud and provide the people with better service where someone who is terrible at their job can actually be fired instead of lingering around and collecting a pension just because they waited out the clock (For example it is possible to conduct many DMV services here in California through the AAA and they are friendly and helpful, with much less waiting).
http://video.foxbusiness.com/v/ [login to see] 001/stossel-11072013-privatize-everything/
First, do away with "baseline budgeting"
Second you give every department of the federal government 90 days to cut 10% out of their existing operating budget (excluding personnel; because they always cut from the bottom) at the end of 90 days if they have not submitted their proposals.. then they have 60 days to reduce their staff equal to what would have amounted to the 10% cut, only this time... they must cut from the "Top Down"; excluding any department heads appointed by the President, unfortunately we can't do anything about them, their fate rests in the President's hands.
Believe me, when 'THEIR".. the entrenched bureaucrats jobs are in jeopardy, they will find 10% to cut faster then it would take the Iranians to drive to the beach to soup up a phony "uranium free" soil sample.
Also, you reduce every dollar going out to foreign aide by 25 cents..75 cents is better than nothing!
When are we going to learn that we "The United States of America" can not be everything to everyone? When are we going to say enough is enough?
Our National Debt is close to 18 1/2 trillion dollars, most American's have no clue just how big that number is... well picture this... take "crisp" one dollar bills.. tape them together end-to-end ( 2 bills comes very close to 1 foot in length) do this until all 18 1/2 trillion bills are attached to each other... now take these bills and attached them to a rocket ship and start flying around the earth,.. Oh..... don't stop until you have circle the earth over 55,500 times.
Our next President will be left with a mess to fix.. the World will be less safe.... the United States will be less safe... WE will be challenged by China, who wants to replace their currency as the "world currency", if this happens, well, then, we are in real trouble. Some say it will "never" happen, I say, the weaker the US is perceived the better the chance of China succeeding.
At this moment, strength and the United States are anything but synonymous.
I have known several people on welfare and unemployment benefits who refuse to get a job because they make more not having a job then they would if they were a productive member of society.
Foreign aid, agricultural subsidies, loan guarantees (housing, business, and college), all public health (phase out MEDICARE), any education, SEC, lots of EPA, most of the FCC, the DEA, BATFE, FDA, and eventually the IRS.
Military side: Eliminate waste through consolidation (there is absolutely no justification for me to go to 20 different websites for annual mandatory training requirements). Cease wasteful recycling and renewable energy programs. Recall most overseas troops (permanent and temporary). Eliminate all National Guard (repeal the Dick Act). Consolidate Reserve and Regular command structures and ease transitions between them. Shift incentives to direct cash payments (education incentives are more costly, have greater administration requirements, and encourages waste in public education). Remove education assistance programs (like TA) except where needed to enhance readiness (and then funded by the individual command). I would also phase in fees for dependent enrolment in Tricare, and eliminate with dependents BAH.
The actual issue with COLA is not that it was cut, but that we are deliberately devaluing currency.
http://www.foxbusiness.com/personal-finance/2013/08/09/free-tuition-for-law-school/


Benefits
