By Catherine Austin Fitts

The Congressional Budget Office (CBO) has just released their study on options to reduce the federal budget deficit. They have presented 103 options that would increase revenues or decrease spending over the next decade. As described in the attached report:

“These options, and their associated revenues, can be expected to be part of the mix as Congress attempts to meet upcoming deadlines for a long-term (10 year) deal on taxes and spending by December 13, 2013; a measure to provide funding for the Federal government, currently set to run out by mid-January, 2014; and an increase in the Federal debt ceiling, delayed until February 7, 2014.”

Ultimately, balancing the federal budget is going to require a much deeper reengineering than this. If you look at the efforts underway to introduce new technology and to rebuild the industrial base of North America, it looks to me like the military-industrial complex has a long-term plan underway to radically reengineer the cost plus contract system that they have been using for decades to one that significantly lowers costs and increases profitability.

Whether changes in policy or “break away” reengineering, significant changes are upon us and the discussion will come to the fore next month.

Related Reading:

New CBO Options for Reducing Federal Deficit Released