Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Finally a Detailed Plan (to Plan) to Reduce the Size of Government

April 13, 2017 By E.J. Smith - Your Survival Guy

My friend Chris Edwards writes at the Cato Institute’s web site that OMB Director Mick Mulvaney has released a 14-page memo creating a process by which the executive branch can produce a detailed plan to cut the size of government. The memo is more of a plan-for-a-plan, but will ultimately produce a final plan a year from now in the fiscal year 2019 budget. Chris writes:

The core of the process is that the president is requiring federal agencies to prepare Agency Reform Plans by this September, with draft plans due June 30. Agencies must come up with downsizing “proposals in four categories: eliminate activities, restructure or merge, improve organizational efficiency and effectiveness, and workforce management.” Agencies “should focus on fundamental scoping questions (i.e. analyzing whether activities should or should not be performed by the agency).”

Some of the factors that agencies should consider when doing their “fundamental scoping” are whether activities are nonessential, whether they violate federalism, and whether they would flunk a cost-benefit test. Agencies should propose eliminating activities that do not pass muster on these and other criteria.

Director Mulvaney is trying to get federal bureaucracies to reconsider all of their activities in a bottom-up manner. The downsizing process he has launched will include actions that the president and agencies can take administratively, and reforms that will need legislation passed by Congress.

Read more here. See the 14-page plan here.

OMB Director Mick Mulvaney: Chances Of A Government Shutdown Very Low | Squawk Box | CNBC

Related Posts

  • The Sophisticated Plan to Overthrow a Legitimate U.S. Government
  • Trump's Plan to Finally Privatize the Mortgage Industry
  • Is Trump's Bold New Plan Step One in Better Government?
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Yes, Your Children Are Listening to You - February 8, 2023
  • You Aren’t Getting These Yields from Your Bank Account - February 7, 2023
  • What Your Survival Guy Invested in Today - February 6, 2023

Dick Young’s Must Reads

  • Mises and Rothbard Finally Get Their Due
  • Ron Paul: “Freedom and Central Banking Are Not Compatible”
  • America’s States Rights Revolution
  • 751 “No-Go” Zones in France
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • The Simple, Elegant Power of the Retirement Compounders
  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State
  • The Four Most Important Words in Investing
  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • WAR HAS BEGUN: What Advice Are You Giving Your Loved Ones?

Disclosure

RSS Youngresearch.com

  • Yes, Your Children Are Listening to You
  • The Cloud Slowdown Is Hurting Amazon the Most
  • You Aren’t Getting These Yields from Your Bank Account
  • Real Estate “Power Buyers” Suffering Glut of Inventory
  • What Your Survival Guy Invested in Today
  • AI SEARCH WAR BEGINS: Google and Microsoft Join AI Battle
  • Your Retirement Life: Adventure Awaits
  • UK Takes Aim at the Cryptocurrency Industry
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Do You Trust This Rally?

RSS Yoursurvivalguy.com

  • Yes, Your Children Are Listening to You
  • You Aren’t Getting These Yields from Your Bank Account
  • Bidenflation Has Eaten Up Americans’ Pandemic Savings
  • Dragon Tours Open for Business
  • What Your Survival Guy Invested in Today
  • You Invest, They Win: FTX Edition
  • Your Retirement Life: Adventure Awaits
  • Zumwalt-Class Guided Missile Destroyers to Get Hypersonic Weapons
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Treasury Bonds Ready to Rock and Roll

Big Hearted, Idealistic, Daring…

Yes, Your Children Are Listening to You

BEN CARSON: How Is Biden’s Speech Creating Unity?

Biden’s State of the Union Address Receives Rough Reception

Can a Capital Injection Save Bed Bath & Beyond?

You Aren’t Getting These Yields from Your Bank Account

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives