Think you can fix the budget? Go ahead.(Read article summary)
The New York Times offers a new tool for readers: see if you can reduce (let alone eliminate) the budget deficit.
Illustration / Gabi Campanario / Newscom / File
Your charge, if you choose to accept it, is to assemble a combination of spending cuts and tax increases that will adequately reduce the budget deficit balance the budget in 2030. To do so, you will need to find $1.355 trillion in budget adjustments.
I particularly like their decision to list cutting foreign aid in half ($17 billion) and eliminating earmarks ($14 billion) as the first two items. These are popular options in many circles, but they are small potatoes when it comes to the overall budget. Choose both options and you still have $1.324 billion to go.
* As Vivian Darkbloom notes in the first comment, I originally misread the goal for this exercise. The graphic refers to closing the budget gap, which I mistook as budget balance. David Leonhardt’s accompanying blog post makes clear that the goal is essentially getting down to a sustainable deficit level, which is an easier target.
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