How I balanced the budget

[Guns Guns Guns]

I cut foreign aid in half.

I eliminated earmarks.

I eliminated farm subsidies.

I reduced the nuclear arsenal and space spending.

I reduced the military to pre-Iraq War size and further reduced troops in Asia and Europe.

I reduced Navy and Air Force fleets.

I canceled or delayed some weapons programs.

I reduced noncombat military compensation and overhead.

I would reduce the number of troops in Iraq and Afghanistan to 30,000 by 2013.

I enacted medical malpractice reform.

I reduced the tax break for employer-provided health insurance.

I reduced Social Security benefits for those with high incomes.

I tightened eligibility for disability.

I used an alternate measure for inflation.

I returned the estate tax to Clinton-era levels.

I returned capital gains tax rates to Clinton-era levels.

I allowed the Bush tax cuts to expire for income above $250,000 a year.

I subjected some incomes above $106,000 to payroll tax.

I imposed a “millionaire's tax” on income above $1 million.

I eliminated tax loopholes.

I reduced mortgage deduction and other tax breaks for high-income households.

I introduced a “Bank Tax” taxing banks based on the size of their holdings and the perceived riskiness of those holdings.














http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html?choices=w3xl75qt

 

[Rationalist]

 

[Guns Guns Guns]

 

[FUCK THE POLICE]

I realized that I didn't need any tax raises after all of the cuts I made, but I raised them anyway. Mwahahahahaha!

http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html?choices=dcsld977

 

[FUCK THE POLICE]

Also, the CBO reestimated that the deficit will be around 800 billion in 2015:

This relies on the 2009 estimate, not the 2010 reestimate. It's also important to note that, in order to keep medicare and SS from eventually becoming unimaginably expensive, we're going to have to start saving for it now.