Federal spending was $6.7T USD. Cutting 1/3 of that? Probably impossible.
That said, 5% might be possible. That would cover half of the interest payments on the federal debt in a year.
It also depends if they're going for one-time or continuing reductions. Obviously the latter is preferable. And cost-shifting to the future doesn't count.
That said, 5% might be possible. That would cover half of the interest payments on the federal debt in a year.
It also depends if they're going for one-time or continuing reductions. Obviously the latter is preferable. And cost-shifting to the future doesn't count.