Go Back   GameTavern > Peanut Talk > Politics
Reply
 
Thread Tools Display Modes

Can YOU Fix the Budget?
Old 11-15-2010, 09:14 PM   #1
Acebot44
Knight
 
Acebot44's Avatar
 
Acebot44 is offline
Location: Los Angeles
Now Playing: Vectorman
Posts: 2,393
Default Can YOU Fix the Budget?

Give it a go
__________________
"I owe much; I have nothing; the rest I leave to the poor."
~~ François Rabelais
  Reply With Quote

Re: Can YOU Fix the Budget?
Old 11-15-2010, 10:39 PM   #2
Professor S
Devourer of Worlds
 
Professor S's Avatar
 
Professor S is offline
Location: Mount Penn, PA
Now Playing: Team Fortress 2, all day everyday
Posts: 6,608
Default Re: Can YOU Fix the Budget?

http://www.nytimes.com/interactive/2...oices=zzutn010

Surprisingly, not that hard. My hardest cut was 250,000 contract jobs. Taking that many contractors out of the economy is a tough decision during a recession, but there is sooooo much corruption in those government contracts.

The majority if my cuts were in military and medical spending and raising medicare and social security retirement ages (only makes sense with the increase in life expectancy), and my only tax increase was a simplification that actually lowers rates on everyone but eliminates many loopholes.

While a fun exercise, it suffers the same flaw that most models suffer from: The assumption that the current state of affairs will continue regardless of tax increases or spending decreases. It ignores the ever present law of unintended consequences. I could almost balance the budget by only increasing taxes, but makes no consideration for the effect that would have on the economy. The rate of return would plummet because while the % amount would increase, the total sum drawn from would drastically reduce because wealth would be removed from the economy and likely transferred overseas if loopholes are removed along with increases.
__________________

Last edited by Professor S : 11-15-2010 at 10:57 PM.
  Reply With Quote

Re: Can YOU Fix the Budget?
Old 01-04-2011, 07:03 PM   #3
ARMADILLO
Baron
 
ARMADILLO's Avatar
 
ARMADILLO is offline
Location: Houston, TX
Now Playing: Red Dead Redemption
Posts: 18
Default Re: Can YOU Fix the Budget?

Stop throwing money at other countries' problems=better
Stop throwing money at bailouts and other countries' problems=even better
__________________
"Take two barrels of this shotgun and call me when your dead, Ring Ring, hello, is it you yup your dead."

-Sarge

My avatar in no way reflects my intentions for this forum i just thought it'd be funny
  Reply With Quote

Re: Can YOU Fix the Budget?
Old 01-07-2011, 05:44 AM   #4
Angrist
Dutch guy
 
Angrist's Avatar
 
Angrist is offline
Location: Someplace funny
Now Playing:
Posts: 8,638
Default Re: Can YOU Fix the Budget?

Don't the USA have a huge debt to other countries?
__________________
It may have other powers than just making you vanish when you wish to... The One Ring
  Reply With Quote

Re: Can YOU Fix the Budget?
Old 01-07-2011, 12:35 PM   #5
Professor S
Devourer of Worlds
 
Professor S's Avatar
 
Professor S is offline
Location: Mount Penn, PA
Now Playing: Team Fortress 2, all day everyday
Posts: 6,608
Default Re: Can YOU Fix the Budget?

Quote:
Originally Posted by Angrist View Post
Don't the USA have a huge debt to other countries?
Yes, and certain countries have a huge debt to us. Its the circle of death.
__________________
  Reply With Quote

Re: Can YOU Fix the Budget?
Old 01-07-2011, 12:46 PM   #6
Bond
Cheesehead
 
Bond's Avatar
 
Bond is offline
Location: Midwest
Now Playing:
Posts: 9,314
Default Re: Can YOU Fix the Budget?

Here you are:

  Reply With Quote

Re: Can YOU Fix the Budget?
Old 01-07-2011, 01:19 PM   #7
Professor S
Devourer of Worlds
 
Professor S's Avatar
 
Professor S is offline
Location: Mount Penn, PA
Now Playing: Team Fortress 2, all day everyday
Posts: 6,608
Default Re: Can YOU Fix the Budget?

Wow... oil exporters? And this isn't a conflict of interest?
__________________
  Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT -4. The time now is 02:33 AM.


vBulletin skin developed by: eXtremepixels
Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
GameTavern