You Balance the Budget

April 17th, 2011

Here’s The New York Time’s Interactive Budget Balancer.

This is from before the 2010 budget deal,  and doesn’t include all of the current proposals, but it’s a great way to test your assumptions about the federal budget.

Keep Medicare and Social Security at current levels and see how much you need to increase taxes and cut defense in order to pay for it. Rollback the Bush tax cuts for only the rich (as Obama is proposing) and see how much additional cutting you need to do to maintain a balanced budget in 2030. Exempt Social Security, Medicare, Defense and tax increases (as many Republicans have advocated) and see how impossible it becomes.

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