Tuesday, May 17, 2011

Develop your own plan for balancing the U.S. budget.

Go here.  Play with this machine. 

The levers are set at the current U.S. spending and taxation levels. 

Cut the spending and raise the taxes until spending equals taxes.  Pay attention to what year the nation once again becomes solvent.  Experiment with taxing the Evil Rich and the Evil Corporations to the max for a year.  Then ask yourself how hard the Evil Rich and Evil Corporations are going to work to provide you with more money. 

Remember, every time you raise taxes, you're taking away money that Evil Corporations or your Evil Neighbors use to create jobs in THEIR favorite industries. 

Every time you cut government spending and government jobs, you're taking away some politician's donor base. 

We are so, so, so screwed. 

Like so many other good things, I first saw this on Instapundit. 


JT said...

That was fun, but unrealistic. There should be a little slider for abolishing income tax that automatically shows the savings from cutting the IRS and all other tax collecting entities. Instead of 'other' I want a slide that says 'stupid government spending programs' (I get to define 'stupid').

The Whited Sepulchre said...

Yeah, I thought of that too.
I'd bet dollars to donuts that the GDP increase from lower taxes would result in more tax dollars being paid.
But what do I know?

ΛΕΟΝΙΔΑΣ said...

Please remember that included in current computations of "GDP" is government spending at all levels. To what extent does that contribute to wealth creation?

The Whited Sepulchre said...

You've got to also remember who that money is taken away from. How much does that hurt wealth creation? Who had you rather have trying to create wealth with your money? John Boehner, Pelosi, Mitch McConnell and Barry Obama?
Or you?
You've gotta look at both sides of the ledger.