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URL:  https://boards.fool.com/heres-your-chance-balance-the-fed-budget-24990231.aspx

Subject:  Re: Here's your chance: Balance the Fed budget Date:  1/2/2007  3:20 PM
Author:  mishedlo Number:  200166 of 603486

Here's your chance: Balance the Fed budget
http://www.budgetsim.org/nbs/shortbudget06.html

I decided to just substantially reduce a few major things and see what happens. It is likely not possible to eliminate anything cold turkey but some reductions by 70% do seem possible.

I cut Military spending 50%
I cut the war in Iraq 70%
I cut agriculture 70%
I cut commerce and housing 70%
I cut corporate tax breaks 40%
I cut housing tax benefits 40%

Budget Totals
Old budget was $3747.36 billion
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).

New budget is $3333.42 billion
($2348.21 billion in spending, $985.21 billion in tax expenditures and cuts).
You have cut the deficit by $413.94 billion.
Your new deficit is $-12.93 billion.
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It is amazingly easy to balance the budget
Mish
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