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Can you Solve the National Debt?; New York Times App lets you try.
Topic Started: Nov 15 2010, 03:37 PM (451 Views)
Byron
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Apparently a Geometric Array...
I was browsing my other forum today and I stumbled across this link.

It let's you choose which programs you'd cut, what you'd cut spending on, what new taxes you'd add and more to see if you can come up with a balanced budget. It's really neat.
> I spend quite a bit of time here nowadays. Sorry for any inconvenience...
> I also have a blog now!
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Seadragon76
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Just another Megaman clone... A clone with a Boomstick!
I like it. Here's how I solved it:

-Cut foreign aid in half
-Eliminate earmarks
-Reducing the nuclear arsenal
-Reducing spending on space projects
-Reduce troop levels in Iraq and Afghanistan
-Enact reform on medical malpractice
-Reduce Social Security benefits for those above the 60th percentile
-Return both Estate Tax and Investment Tax to the levels found in the Clinton Era
-Introduce a payroll tax
-Introduce a millionare's tax
-Eliminate loopholes in the tax code
-Reduce morgage interest deduction by turning it into credit
-Introducing a National Sales Tax (I know this is something that has been pitched by a Congressman from Iowa)
-Introduce a Bank Tax

By doing this, it would create a nearly $200 billion dollar surplus for 2015 and it would create a $55 billion dollar surplus in 2030.
DM: Junkman
AM: Storm Eagle
COSMOS: Taurus Fire
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Mad Mags

Admin
Cut Bernanke's head off.
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Byron
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Apparently a Geometric Array...
*Looks up Bernanke on the Wikipedia*

Not what I was expecting, but it'll work.
> I spend quite a bit of time here nowadays. Sorry for any inconvenience...
> I also have a blog now!
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Benjamin
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Archbishop of the Church of the Magical Platypus
Big Boss,Nov 15 2010
02:39 PM
Cut Bernanke's head off.

Why stop there?
All Glory to the Magical Platypus!
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Splash Warfly
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Gospel Enforcer
Here's how I pulled it off

Too bad most/none of this stuff would actually happen...
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Mad Mags

Admin
I ticked off pretty much every anti-big government option I could find.

http://www.nytimes.com/interactive/2010/11...graphic.html?hp

However, I believe it all to be moot since it doesn't include any adjustments for projected inflation, including at or near hyper inflation levels. This cake is a lie.

Almost off my deficit cutting was via spending cuts rather than tax increases. The only new tax I would have introduced (given these options) is thrown onto those bloodsucking vampires on Wall Street.

Yay.
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Byron
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Apparently a Geometric Array...
The exercise really seems to be more of a "What if?" exercise designed to show the differences between different methods of cutting the deficit and how those changes would affect said deficit. It's not likely to take everything into account, and I brought it up here because I thought it was pretty neat...
> I spend quite a bit of time here nowadays. Sorry for any inconvenience...
> I also have a blog now!
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