Courtesy of Mish.
The Wall Street Journal has a nice interactive map that lets you Make Your Own Deficit-Reduction Plan.
I balanced the budget easily without doing things that I think need to be done such as eliminating the department of energy, the department of education, slashing military spending by 35%, etc., etc.
Increased Revenues
Under the category of “revenue increases”, I clicked everything except …
- Repeal health care coverage
- Add a government run health care plan
- Limit ability to sue doctors
That raised $480 billion in a manner far better than the tax hikes in the fiscal cliff.
Appropriated Spending Cuts
Under the category of “cuts to appropriated spending” I clicked everything except …
- Allow automatic spending cuts (mutually exclusive with keep spending levels at 2011 levels)
- Prevent military retirees from signing up for cheapest version of Tricare
- Increase passenger fees for airport security
- Finance food and safety inspection with fees on meet and egg processing facilities
That reduced appropriated spending by $191 billion
Entitlement Spending Cuts
Under the category of “cuts to benefits or Entitlements” I clicked everything except …
…
