Reduction: What can we truly do without?

Just a few days ago, Rand Paul, the Republican Senator of Kentucky, proposed a bill, found here. The Cut Federal Spending Act of 2011, as it will be known should it pass, will do exactly what it sounds like - drastically. The cuts Paul will be making will include the standard cuts any Tea Party member suggests - complete defunding of the Affordable Housing Program, the National Endowment for the Arts, and the National Endowment for the Humanities. He also plans to completely defund the Consumer Product Safety Commission, and all Department of Education programs, as well as capping the Pell Grants at roughly 16.2 million. Nearly every department of government will receive severe cuts - except Social Security. He's said that he'll leave that alone this fiscal year.

Note: I've read through a lot of discussions and replies to this bill, and a lot of people seem to not be understanding this: What he's doing is he's cutting the federal governmental spending. Just because the federal government no longer spends tax revenues on a certain service, say the regulation of public education. Public education will still continue, with minimal affect, except that some schools will not be receiving federal funding. Public education would then be regulated by the state government entirely, as opposed to being regulated by the state for the most part.