If you cut military by 1/3, restructure social security, eliminate the Bush tax cuts on the over $250k crowd, and cut the rest of the budget by 20%, you can probably get the budget balanced. This would have to be done over a decade or so, in order to reduce the fiscal impact on the economy, which will be significant. But I don’t think the US has another option, unless we want to choose bankruptcy.
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Fred Wilson (via vruz) I’d vote for this. |
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dmdhashw reblogged this from whisperoftheshot and added:
Here is another take that completely ignores Medicare.
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vruz posted this
