Not to mention simply spending a lot less on things the federal government doesn't need to be involved in to begin with.
Such as?
The world has changed somewhat since 1894.
FYI the last three items amount to about 2% or less of Federal spending. All discretionary spending was 16% in 2016:
https://upload.wikimedia.org/wikipedia/commons/thumb/c/ca/U....
Excluding entitlements (Social Security, Medicare, debt service) it's still minuscule:
http://memepoliceman.com/wp-content/uploads/2015/09/viper-re...