kyzr
Diamond Member
- Oct 14, 2009
- 36,947
- 28,267
Listed here are three plans to balance the budget and avoid bankruptcy and catastrophe. The current Budget deficit is $544b a year.
1. Pass Simpson-Bowles, which would save about $250b a year for 10-years.
Blog: Summarizing the New Simpson-Bowles Plan - Fix The Debt
2. Pass the one-cent solution, which would save $390b a year, current 2016 outlays $3.9T & current revenue $3.4T
Frequently asked questions about the One Cent Solution /“Penny Plan.”
3. Pass the Financial Transaction Tax, similar to the EU to reduce/punish derivatives and risky financial instruments, as well as keep more money available for capital projects instead of high-frequency trading.
http://ec.europa.eu/taxation_custom...mic_analysis/tax_papers/taxation_paper_62.pdf
Lets take a poll to see who has better ideas
1. Pass Simpson-Bowles, which would save about $250b a year for 10-years.
Blog: Summarizing the New Simpson-Bowles Plan - Fix The Debt
2. Pass the one-cent solution, which would save $390b a year, current 2016 outlays $3.9T & current revenue $3.4T
Frequently asked questions about the One Cent Solution /“Penny Plan.”
3. Pass the Financial Transaction Tax, similar to the EU to reduce/punish derivatives and risky financial instruments, as well as keep more money available for capital projects instead of high-frequency trading.
http://ec.europa.eu/taxation_custom...mic_analysis/tax_papers/taxation_paper_62.pdf
Lets take a poll to see who has better ideas
