Monday :: Nov 15, 2010

The NY Times Challenges You to Fix the Budget


by Oly Mike

Give it a try. I didn't have much trouble fixing the budget, but military spending definitely took a hit with my planning.

I think it is clear that their are important options that are not included in the NYT list. For example: on fixing Social Security, why is there only a limited option to remove the cap on earnings subject to the social security tax? The most aggressive option there subjects 90% of income to the tax over time. Take off the cap entirely and watch what happens to the budget accounting makes the top 1% pay the same kind of taxes that most of us pay. Give me that option please. That is actually my first choice to "fix" social security.

Happy Monday. Weather has gotten cold in the northwest, I am out shopping for new battery for the daughter's car this morning.

clipped from www.nytimes.com: Budget Puzzle: You Fix the Budget

Today, you’re in charge of the nation’s finances. Some of your options have more short-term savings and some have more long-term savings. When you have closed the budget gaps for both 2015 and 2030, you are done. Make your own plan, then share it online.
Related Article | Behind The Times’s Deficit Project | Printable PDF Version | Room for Debate: 16 Ways to Cut the Deficit

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