4 ms·
It's interesting to play out what it means in more detail. Try one of the many online 'balance the budget" games like https://us.abalancingact.com/2022-federal
by me_again 4y ago
It's interesting to play out what it means in more detail.
Try one of the many online 'balance the budget" games like https://us.abalancingact.com/2022-federal-budget https://us.abalancingact.com/2022-federal-budget .
Total federal outlays in 1989 were $1,143,744M in today's dollars. That's less than is currently spent on Medicare and Medicaid, ignoring everything else in the budget.
So you'll have to make some pretty substantial alterations.
- tl 4y agoYour tool does not allow for classic federal tax rates. It caps in the high 30s claiming higher taxes "do not work" in spite of the fact tax rates were double that for decades.
- me_again 4y agoInteresting, perhaps this isn't the best one. It's more the exercise of trying to tweak revenue and spending that I am recommending than this particular site. Otherwise people seem to imagine that the problem is much easier than it is.