{"id":570273,"date":"2010-05-19T11:21:42","date_gmt":"2010-05-19T15:21:42","guid":{"rendered":"tag:theatlantic.com,2010-05-19:mt-56932"},"modified":"2010-05-19T11:21:42","modified_gmt":"2010-05-19T15:21:42","slug":"how-i-stabilized-the-u-s-debt","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/570273","title":{"rendered":"How I Stabilized the U.S. Debt"},"content":{"rendered":"

\"Picture<\/a>
The Committee for a Responsible Federal Budget designed a budget simulator.<\/a> Awesome. Now everybody can stabilize U.S debt in the comfort of their homes.<\/p>\n

The goal is to achieve a debt level less than 60% of GDP by 2018. You should try it. I did. Below you can read up about how I stabilized the U.S. debt by 2028 (sorry I can’t find a better way to capture all the answers on one page without screen shots).<\/p>\n

Some notes on my quick budget plan: the decision to curtail the state and local tax deduction and limit the mortgage deduction would be contingent on a recovery in the housing market and lower unemployment contributing to higher state taxes. This is one of the difficulties of designing a debt-busting plan in a recession. Some of the most valuable items would probably lead to you to double-dip if you passed them too quickly. I would also like to see a higher rate on the VAT and a carbon tax option.<\/p>\n

Ultimately the real lesson you learn as you play is that stabilizing debt, even when the method is box-checking, is painful.<\/p>\n

\"Picture<\/a><\/div>\n
\"Picture\"Picture<\/a>\"Picture<\/a><\/div>\n
<\/div>\n



\n

\n Email this Article<\/a>
\n Add to digg<\/a>
\n Add to Reddit<\/a>
\n Add to Twitter<\/a>
\n Add to del.icio.us<\/a>
\n Add to StumbleUpon<\/a>
\n Add to Facebook<\/a>
\n

\n\"\"<\/a>
\n\"\"\"\"

\n
\nUnited States<\/a> – Gross domestic product<\/a> – Value added tax<\/a> – Recession<\/a> – Unemployment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Committee for a Responsible Federal Budget designed a budget simulator. Awesome. Now everybody can stabilize U.S debt in the comfort of their homes. The goal is to achieve a debt level less than 60% of GDP by 2018. You should try it. I did. Below you can read up about how I stabilized the […]<\/p>\n","protected":false},"author":1534,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-570273","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/570273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1534"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=570273"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/570273\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=570273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=570273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=570273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}