Today's topic at my blog "Resurgence" on BigThink.com:
You Can Balance The U.S. Budget In Five Minutes
The New York Times website has a budget puzzle widget on it that allows you to decide what to do in order to reduce the budget deficit the United States has run for decades. At first, it seems so simple that you wonder why every congressman doesn’t have one these on his office computer. Push a few buttons and the problem is solved.
But if you think about it for a moment, the decision making has really already been done for you. The options are wide ranging, but by no means did the Times have an exhaustive list of the kinds of things you can do to increase government income and reduce government’s expenses. What it does do is provide, in very graphic detail, a way for the average American citizen to see how much reducing any deficit is going to depend on both a reduction in spending and an increase in income.
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