Try this little budget game out. It's fun.
(P.S. I got the debt to 60% of GDP by 2020. Most of my cuts were budgetary in nature. Not many tax increases, but there were some. Of course, I was pretty brutal on Medicare and Social Security.)
A Gathering Place for all Taylor Group Members, New and Old. Keep in touch, Carry on discussion & debate, and most importantly, play hard.
7 comments:
This is pretty interesting. A lot of the programs people bitch about really have little to no effect on our current debt. But getting the troop total in the middle east to 30% of what it is now by 2013 saves the country close to a trillion dollars.
BTW, out of my personal fascination with NASA I had to keep the 80B for planned missions to the moon and mars.
The biggest problem I have with the calculator is the perceived notion our GDP will be nearly $21 trillion by 2018. That is almost a 50% increase from the 2009 value of just over $14 trillion. We're talking about 4% growth, which isn't going to happen. Nonetheless, I think the moral of this story is we can fix this problem now with a little pain or put it off and experience alot of pain.
This is a neat site. I am going to ask Charles Grodin to come over for a sandwich and help me identify programs to cut because this was a struggle for me.
Maybe you could cut the program that makes people feel better about their car.
Jim, There is no need to cut this particular car program, since we (government) can just write it off as an R&D expense for being in the business.
Certainly innovation is needed in that department.
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