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Fix the budget yourself

 
 
Reply Tue 30 Jan, 2007 07:44 am
For all of you economics experts that want to whine about the budget,this is for you.

At this site...
http://www.budgetsim.org/nbs/

You can actually try your hand at fixing the budget.

Click on the link,scroll down to "Playing the Game",then click on either the short version or the long version.

After you are done,post your results for all to see.
Here are my results,done WITHOUT RAISING TAXES...

Quote:
Budget Totals
Old budget was $3748.1268 billion
($2673 billion in spending, $1075.1268 billion in tax expenditures and cuts).
New budget is $3090.55 billion
($2041.15 billion in spending, $1049.4 billion in tax expenditures and cuts).

You have cut the deficit by $657.58 billion.
Your new deficit is $-256.57 billion.

Oops!
You've cut so much that the federal budget now contains a substantial surplus. Many economists warn that this budget may help induce or prolong a recession, and ordinary citizens demand a refund. You might want to cut taxes or raise spending.


So it is possible to create a surplus without raising taxes,just cut spending.
BTW,I did not cut military spending at all.
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Type: Discussion • Score: 0 • Views: 1,228 • Replies: 27
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Bi-Polar Bear
 
  1  
Reply Tue 30 Jan, 2007 07:49 am
no surprises there.
0 Replies
 
parados
 
  1  
Reply Tue 30 Jan, 2007 08:30 am
It seems the website doesn't have the following warning...

Quote:
oops,
You have cut too much money from programs supported by 95% of country. The US has gone into civil war and you were hung from the nearest tree.



I am curious as to what you cut MM. If you eliminate everything but SS, medicare, other health, transportation, and anything military and foreign relations related you still can't get to your figures.

You do realize there is no way to cut transportation, SS or medicare without cutting the revenues from those areas. Nah, you don't know that.
0 Replies
 
DrewDad
 
  1  
Reply Tue 30 Jan, 2007 09:12 am
Quote:
Budget Totals
Old budget was $3747.36 billion
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).
New budget is $3340.93 billion
($2560.7 billion in spending, $780.23 billion in tax expenditures and cuts).

You have cut the deficit by $406.43 billion.
Your new deficit is $-5.42 billion.

How nice things could have been withough GWB....
0 Replies
 
mysteryman
 
  1  
Reply Tue 30 Jan, 2007 10:15 am
parados wrote:
It seems the website doesn't have the following warning...

Quote:
oops,
You have cut too much money from programs supported by 95% of country. The US has gone into civil war and you were hung from the nearest tree.



I am curious as to what you cut MM. If you eliminate everything but SS, medicare, other health, transportation, and anything military and foreign relations related you still can't get to your figures.

You do realize there is no way to cut transportation, SS or medicare without cutting the revenues from those areas. Nah, you don't know that.


I didnt eliminate anything.
I left the military alone,and cut everything else,EXCEPT Social Security and medicare,by 50 percent.
0 Replies
 
CalamityJane
 
  1  
Reply Tue 30 Jan, 2007 10:42 am
Hah, I cut the deficit by 480 billion dollars, decreasing military spending
by 70 % yet increasing all social programs by 10 %.

Actually, by decreasing military spending, the deficit can be eliminated
in a few years, regardless of other spending increases.

Pretty sad, considering how rich the entire nation could be if it
weren't for the horrendous military spendings.
0 Replies
 
parados
 
  1  
Reply Tue 30 Jan, 2007 10:50 am
That's interesting MM..
This is what I get if I cut everything by 50% but military, SS, medicare and interest (which you can't cut). I cut the Iraq war funding by 50% too. Did you really give up on Iraq MM?

This is what I got...
Quote:
Budget Totals
Old budget was $3747.36 billion
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).

New budget is $3199.53 billion
($2124.7 billion in spending, $1074.83 billion in tax expenditures and cuts).
You have cut the deficit by $547.83 billion.
Your new deficit is $-146.82 billion.

Oops!
You've cut so much that the federal budget now contains a substantial surplus. Many economists warn that this budget may help induce or prolong a recession, and ordinary citizens demand a refund. You might want to cut taxes or raise spending.


Where's that other 110 Billion mm?
0 Replies
 
Cycloptichorn
 
  1  
Reply Tue 30 Jan, 2007 11:09 am
Quote:
Budget Totals
Old budget was $3747.36 billion
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).

New budget is $3341.85 billion
($2561.62 billion in spending, $780.23 billion in tax expenditures and cuts).
You have cut the deficit by $405.51 billion.
Your new deficit is $-4.5 billion.


I cut 10% from military

70% from Iraq and Afghanistan (to reflect the totals when we aren't in Iraq any longer)

ADDED 50% to general space and science

Cut 100% from 2001 and 2003 tax cuts.

And that's it. The military and Iraq are dooming the finances of this country.

Cycloptichorn
0 Replies
 
mysteryman
 
  1  
Reply Tue 30 Jan, 2007 11:10 am
parados wrote:
That's interesting MM..
This is what I get if I cut everything by 50% but military, SS, medicare and interest (which you can't cut). I cut the Iraq war funding by 50% too. Did you really give up on Iraq MM?

This is what I got...
Quote:
Budget Totals
Old budget was $3747.36 billion
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).

New budget is $3199.53 billion
($2124.7 billion in spending, $1074.83 billion in tax expenditures and cuts).
You have cut the deficit by $547.83 billion.
Your new deficit is $-146.82 billion.

Oops!
You've cut so much that the federal budget now contains a substantial surplus. Many economists warn that this budget may help induce or prolong a recession, and ordinary citizens demand a refund. You might want to cut taxes or raise spending.


Where's that other 110 Billion mm?


I totally eliminated the govt spending on college education,in terms of govt financing loans or college educations.
College is not a right,so I dont think the govt should be financing it.
I did eliminate ALL subsidies and tax breaks for farms and business,because I dont think the govt should be financing those.

No,I didnt give up on Iraq,I consider that to be part of military spending.

CJ said...
Quote:
Hah, I cut the deficit by 480 billion dollars, decreasing military spending
by 70 % yet increasing all social programs by 10 %.

Actually, by decreasing military spending, the deficit can be eliminated
in a few years, regardless of other spending increases.

Pretty sad, considering how rich the entire nation could be if it
weren't for the horrendous military spendings.


You cant cut military spending by 70%.
You seem to forget that a large part of the spending goes to feeding,housing,and medical care for active duty and vets.

Also,the general public has benefitted from military spending,and I dont mean for defense.
For example...
Kevlar for police officers
GPS for auto's and busses
The internet started as a military program
Many advances in medical emergency care came about because of military research

There are other examples of military spending that have benefitted the general public,and are now used daily in civilian life.
0 Replies
 
CalamityJane
 
  1  
Reply Tue 30 Jan, 2007 11:14 am
There were different allocations for military housing, healthcare and
veterans disabilities etc., mysteryman. I would never take away any
funding for the personnel itself, those poor souls have enough to deal
with being in the military. However, spening on defense, equipment,
military toys and international military aid I did cut by 70 %
(I used the long version).
0 Replies
 
Cycloptichorn
 
  1  
Reply Tue 30 Jan, 2007 11:15 am
What a crock, MM!

Quote:
College is not a right,so I dont think the govt should be financing it.


You don't think that the nation has an active interest in educating its members to the highest level possible?

Quote:

You cant cut military spending by 70%.
You seem to forget that a large part of the spending goes to feeding,housing,and medical care for active duty and vets.


Sure you can. It seems to me that people did it, so why not?

You are against subsidizing the farms that keep us fed and the businesses that keep us employed, but you are all for subsidizing the military?

Cycloptichorn
0 Replies
 
CalamityJane
 
  1  
Reply Tue 30 Jan, 2007 11:16 am
mysteryman wrote
Quote:
I totally eliminated the govt spending on college education,in terms of govt financing loans or college educations.
College is not a right,so I dont think the govt should be financing it.
I did eliminate ALL subsidies and tax breaks for farms and business,because I dont think the govt should be financing those.


Why doesn't this surprise me!!
0 Replies
 
mysteryman
 
  1  
Reply Tue 30 Jan, 2007 11:24 am
Cycloptichorn wrote:
What a crock, MM!

Quote:
College is not a right,so I dont think the govt should be financing it.


You don't think that the nation has an active interest in educating its members to the highest level possible?

Quote:

You cant cut military spending by 70%.
You seem to forget that a large part of the spending goes to feeding,housing,and medical care for active duty and vets.


Sure you can. It seems to me that people did it, so why not?

You are against subsidizing the farms that keep us fed and the businesses that keep us employed, but you are all for subsidizing the military?

Cycloptichorn


If college is a right,like you seem to believe,then why doesnt the govt pay for it totally,instead of just providing loans?
Why is there a competition for students,if everyone has the right to go to college?
BTW,Please show me where in the Constitution it says that a college education is a right.

You are one of the ones complaining now that the govt SUPPOSEDLY cut veterans benefits and health care now.
Yet now you are saying that we CAN cut military spending,including on benefits.
So,can we or cant we?
You cant have it both ways.

If you look here...
http://www.dod.mil/comptroller/defbudget/fy2007/fy2007_greenbook.pdf

You will see that a small percentage of military spending is actually for weapons and ships,planes,tanks,and other war materials.
So,are you willing to cut benefits?
0 Replies
 
mysteryman
 
  1  
Reply Tue 30 Jan, 2007 11:25 am
CalamityJane wrote:
mysteryman wrote
Quote:
I totally eliminated the govt spending on college education,in terms of govt financing loans or college educations.
College is not a right,so I dont think the govt should be financing it.
I did eliminate ALL subsidies and tax breaks for farms and business,because I dont think the govt should be financing those.


Why doesn't this surprise me!!


So,you DONT want tax breaks for business eliminated?
Thats funny,you have said they should be eliminated.
0 Replies
 
Cycloptichorn
 
  1  
Reply Tue 30 Jan, 2007 11:31 am
mysteryman wrote:
Cycloptichorn wrote:
What a crock, MM!

Quote:
College is not a right,so I dont think the govt should be financing it.


You don't think that the nation has an active interest in educating its members to the highest level possible?

Quote:

You cant cut military spending by 70%.
You seem to forget that a large part of the spending goes to feeding,housing,and medical care for active duty and vets.


Sure you can. It seems to me that people did it, so why not?

You are against subsidizing the farms that keep us fed and the businesses that keep us employed, but you are all for subsidizing the military?

Cycloptichorn


If college is a right,like you seem to believe,then why doesnt the govt pay for it totally,instead of just providing loans?


First off, neither I nor anyone else said that College education was a right. I said that it was in the best interests of the nation to educate our citizens to the highest degree possible.

I support what you propose, btw; I would like to see basic college education be free for all. You may not realize it but many if not most other Western countries actually practice this.

Quote:
Why is there a competition for students,if everyone has the right to go to college?


Noone said that college education was a right. There is competition because the gov't does not fund this education, so only some can afford it.

Quote:
BTW,Please show me where in the Constitution it says that a college education is a right.


No problem! You show me where people claimed college education was a right, and I'll show you where the Constitution says it is. Rolling Eyes

Quote:
You are one of the ones complaining now that the govt SUPPOSEDLY cut veterans benefits and health care now.
Yet now you are saying that we CAN cut military spending,including on benefits.
So,can we or cant we?
You cant have it both ways.

If you look here...
http://www.dod.mil/comptroller/defbudget/fy2007/fy2007_greenbook.pdf

You will see that a small percentage of military spending is actually for weapons and ships,planes,tanks,and other war materials.
So,are you willing to cut benefits?


I was saying that you can. I didn't say you should.

You'll notice in my budget presented on the last page that I cut 10% from the military budget and 70% from Iraq/afghanistan (to reflect the lower costs of our not paying 10 billion a month any longer in Iraq). This isn't what you would call a drastic reduction in spending.

Cycloptichorn
0 Replies
 
parados
 
  1  
Reply Tue 30 Jan, 2007 11:36 am
mysteryman wrote:


I didnt eliminate anything.

I left the military alone,and cut everything else,EXCEPT Social Security and medicare,by 50 percent.


Quote:

I totally eliminated the govt spending on college education,in terms of govt financing loans or college educations.
College is not a right,so I dont think the govt should be financing it.
I did eliminate ALL subsidies and tax breaks for farms and business,because I dont think the govt should be financing those.
0 Replies
 
mysteryman
 
  1  
Reply Tue 30 Jan, 2007 11:37 am
Cyclo,
This was your response when I said college was not a right.

Quote:
What a crock, MM!


So,one can only assume that you disagree with my statement.
BTW,I am NOT advocating that the govt pay for college educations,I am advocating the exact opposite.
I dont believe that the govt has the obligation to pay for your education past high school.
You want it,you pay for it.
0 Replies
 
mysteryman
 
  1  
Reply Tue 30 Jan, 2007 11:43 am
parados wrote:
mysteryman wrote:


I didnt eliminate anything.

I left the military alone,and cut everything else,EXCEPT Social Security and medicare,by 50 percent.


Quote:

I totally eliminated the govt spending on college education,in terms of govt financing loans or college educations.
College is not a right,so I dont think the govt should be financing it.
I did eliminate ALL subsidies and tax breaks for farms and business,because I dont think the govt should be financing those.


I did not eliminate anything.
I left the Dept of Education intact (even though I think it should be eliminated),I just eliminated some of the useless, wasteful, unnedded spending.

Of course,we can eliminate a lot of spending by just eliminating most of the govt employees that are only there to tell each other how important they are.
That would save billions right there.
0 Replies
 
parados
 
  1  
Reply Tue 30 Jan, 2007 11:52 am
mysteryman wrote:


I didnt eliminate anything.



mysteryman wrote:

I totally eliminated the govt spending on college education,in terms of govt financing loans or college educations.
College is not a right,so I dont think the govt should be financing it.
I did eliminate ALL subsidies and tax breaks for farms and business,because I dont think the govt should be financing those.
[/quote]
mysteryman wrote:

I did not eliminate anything.

Rolling Eyes
0 Replies
 
CalamityJane
 
  1  
Reply Tue 30 Jan, 2007 11:54 am
well parados, a good college education is hard to come by Wink
0 Replies
 
 

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