11/16/2010
The New York Times has posted a nifty interactive tool that lets you try your hand at fixing the deficit. OK, it doesn’t offer infinite options, but it does challenge you to think about what you WOULD CUT or change if you were Queen of the Universe (or King)(or Caesar, whatever you like). I cut the deficit with a few bold strokes (including raising SS retirement to Age 68, reducing troop force in Afghanistan by 2013, but the biggies were capping medicare growth to GDP plus 1%, and enacting a national sales tax at 5% and not eliminating income tax…sorry).
What would you do? Let me know. It’s great to stand behind Michelle Bachmann and say we will just cut “wasteful spending” – but, I want to know WHAT wasteful spending? Don’t quote me bizarre research projects that really don’t add up to squat – we are in deep weeds here—we need BILLIONS of dollars of cuts (or tax collection…yikes). Every significant cut impacts our lifestyles, not to mention our security and competitive edge in the world marketplace. So – what would you do and why?
http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html
reducing number of troops and raising the age to 68 for SS retirement and madicare, were great help in reducing the deficit
I found that to cut the deficit, I had to raise ages and impose limitations to both SS and Medicare — those are huge, aren’t they? Thanks, Ron, for participating!!
I saved $501 billion by 2015 but not enough by 2030, when I will surely be dead anyway! I lost all my info when I tried to log onto the NY Times and didn’t want to redo my cuts.