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Old 05-02-2012, 03:35 PM
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Bitterwhiteguy Bitterwhiteguy is offline
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Default Slay the debt dragon

http://crfb.org/stabilizethedebt/

Interesting simulation; it's similar to the NYT web app but updated to reflect current conditions. The goal is to get the debt to under 60% of GDP by 2021. I got it to 57% with a combination of budget cuts & tax increases, which is apparently what most people are doing according to the app creators.
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Old 05-02-2012, 03:59 PM
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Sounds easy on paper...
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Old 05-02-2012, 04:17 PM
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Sounds easy on paper...
Mine was about 2/3 spending cuts, 1/3 tax increases. Out of the tax increases, probably 3/4 of that was letting the Bush Cuts expire.
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They thought they had Saban a year ago.
They thought they had Mack gone six months ago.
They thought they had Luck two months ago.
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They thought they had Saban hours ago.
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Old 05-02-2012, 05:05 PM
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50%
with equal parts revenue and spending
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Old 05-02-2012, 10:04 PM
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50%
with equal parts revenue and spending
same here.
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Old 05-03-2012, 03:33 AM
scout3dave scout3dave is offline
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Originally Posted by arotonen View Post
Sounds easy on paper...
Indeed, I got to 56% with about 20% tax and 80% spend.
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Old 05-03-2012, 09:53 AM
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I got it to 60% and kept it sustainable through 2030.
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Old 05-04-2012, 09:46 PM
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I can understand military not paying into social security but why not government workers? Am I missing something or perhaps losing all reading comprehension?
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Old 05-04-2012, 10:34 PM
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Indeed, I got to 56% with about 20% tax and 80% spend.
You're hardly a respectable contemporary Republican if you went anywhere beyond 0% tax.
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Old 05-05-2012, 04:40 AM
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I can understand military not paying into social security but why not government workers? Am I missing something or perhaps losing all reading comprehension?
SS says all federal employees hired after 1984 have to participate. Older employees were given the choice to stay with the civil service system. There is still the Railroad Retirement scheme that opts out of SS and some state and local workers were allowed to opt out as well as some religious employees.

I am not sure why that would generate much savings and obviously it is reducing as the older employees retire. They aren't paying in but they aren't drawing from it either.
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