regulation toward disincentivizing economic rent and incentivizing sustainable productive investment. Congress should also eliminate subsidies, privilege, and favors, and commit all public expenditure and investment to public purpose, investing in vital resources where the private sector is either unable or unwilling to do so. The budgetary process must be viewed in terms of a comprehensive strategy for achieving national objectives coordinated by the national goal of national and global peace and prosperity in a sustainable fashion. I think that Warren has pretty well set forth what he proposes under "Proposals" in the menu bar at the top of the page, and much more specifically than I do in this brief post. read '0 is the natural rate of interest' on this website before responding, thanks beowulf Reply: October 11th, 2010 at 12:05 pm Congress should also eliminate subsidies, privilege, and favors, and commit all public expenditure and investment to public purpose, investing in vital resources where the private sector is either unable or unwilling to do so Tom Hickey, agree with everything you say. The biggest step towards eliminating (or at least reducing) "subsidies, privileges, and favors" would be zeroing out the $1.2 trillion in tax expenditures and recycling the revenue to working and middle class families with a negative income tax. Direct spending for any program could then be judged on the basis, should the money go to, say, "cash for clunkers"... or be added to the negative income tax credit instead? However, one tax expenditure worth adding is