SlideShare a Scribd company logo
1 of 10
Congratulations!
You reduced the debt to below 60% of GDP in 2024, and kept it
at a sustainable level
through 2030.
Savings Relative to Current Law in Billions $7780
Dollars in billions that you need to cut to
get under 60% of the GDP by 2024.
$0
See your list of choices on page 2.
CRFB.org Stabilize the Debt Simulator: Your choices in blue.
Choose Your Path
Afghanistan
Reduce Troop Levels to 30,000 by 2017 -$680B
Eliminate War Funding After 2021 -$820B
Maintain Current Funding Levels $0
Alter the Sequester
Fully Repeal the Sequester $1,040B
Repeal About Half of the Sequester $540B
Further Reduce Discretionary Spending -$320B
Maintain the Sequester $0B
Defense, Diplomacy & Security
Replace the Joint Strike Fighter Program
with F-16s and F/A-18s
-$50B
Foreign Aid
Cut International Assistance Programs
by 25%
-$150B
Increase International Assistance
Programs by 25%
$150B
Veteran Benefits
Reduce Veteran Income Security Benefits -$50B
Expand Veteran Income Security Benefits $50B
Cancel the Ground Combat Vehicle and
Defer Development of the Long-Range
Bomber
-$50B
Reduce US Navy Fleet to 230 Ships -$110B
Increase Homeland Security Spending $70B
Troop Levels
Maintain Current Army Levels $130B
Replace Military Personnel with Civilians -$30B
CRFB.org Stabilize the Debt Simulator: Your choices in blue.
Domestic Social & Economic
Spending
Restart the NASA Moon Mission and Create a
Moon Colony
$250B
Enact New Jobs Bill $340B
Highway Funding
Limit Highway Funding to Dedicated Revenue -$190B
Enact Increased Transportation Funding $100B
Block Grant Food Stamps and Reduce to 2008
Levels
-$140B
Cut Temporary Assistance to Needy Families
(TANF) Program
-$80B
Cut Federal Funding of K-12 Education by
25%
-$80B
Restrict Eligibility for Pell Grants -$120B
Cut School Breakfast Programs -$30B
Double Funding on Adoption and Foster Care $80B
Increase Education Funding by $10 Billion
Each Year
$110B
Social Security
Raise the Normal Retirement Age to 70 -$80B
Slow Initial Benefit Growth
Gradually Reduce Scheduled Benefits -$150B
Progressively Reduce Benefits, Protecting Low
and Middle Income Earners
-$30B
Progressively Reduce Benefits, Protecting Low
Income Earners
-$90B
Use a More Accurate Measure of Inflation for
COLAs
-$150B
Reduce Spousal Benefits from 50% to 33% -$10B
Increase Years Used to Calculate Benefits -$70B
Include All New State and Local Workers -$90B
Institute a Minimum Benefit $70B
CRFB.org Stabilize the Debt Simulator: Your choices in blue.
Healthcare
Modify Health Care Reform Law
Establish a Public Option in the Health
Exchanges
-$220B
Repeal Insurance Mandate -$550B
Repeal Entire Legislation $170B
Repeal Legislation, but Keep
Medicare/Medicaid Cuts
-$1,010B
Modernize Cost Sharing for Medicare -$160B
Increase Medicare Premiums for High-Income
Beneficiaries
-$90B
Require Manufacturers to Pay a Minimum
Drug Rebate for Medicare Low-Income
Beneficiaries
-$170B
Enact Medical Malpractice Reform -$70B
Bundle Payments for Inpatient and Post-Acute
Care
-$70B
Replace Traditional Medicare with Premium
Support
-$380B
Modify Federal Medicaid Funding to States
Reduce the Floor on Federal Matching Rates
for Medicaid
-$230B
Block Grant Medicaid and Grow With
Inflation Plus Population Growth
-$860B
Other Spending
Use the Chained CPI for Mandatory Programs
and the Tax Code
-$190B
Reduce Federal Civilian Employee Pay
Increases and Cap Increases in Military Pay
-$110B
Introduce Minimum Out-of-Pocket
Requirements Under TRICARE for Life
-$40B
Reform Federal Retiree Benefits -$110B
Reform Fannie Mae and Freddie Mac -$30B
Reduce Crop Insurance Subsidies -$30B
Expand Spending on Federal Research &
Development
$110B
Repeal the Davis-Bacon Act -$20B
Provide Funding to States to Fill Budget Gaps $130B
CRFB.org Stabilize the Debt Simulator: Your choices in blue.
Revenue
Raise Tax Rates on Capital Gains and
Dividends
-$60B
Increase Excise Taxes on Alcohol -$80B
Impose a Financial Crisis Responsibility Fee -$70B
Restore 2009 Estate Tax Parameters -$150B
Enact Carbon Tax or Cap-and-Trade -$450B
Increase Gas Tax by 10 Cents per Gallon -$160B
Enact Five Percent VAT with Partial Rebate -$640B
Increase the Standard Deduction $300B
Impose a 5.4% Surtax on Income Above $1
Million
-$550B
Enact the Buffett Rule -$90B
Raise Social Security Payroll Tax Cap
Raise Cap to Cover 90% of Earnings -$550B
Institute Two Percent Surtax on Earnings
Above Cap
-$380B
Reduce Corporate Tax Rate to 30% $680B
Increase HI Tax by 0.1% -$100B
Improve Tax Collection (Reduce Tax Gap) -$70B
Tax Expenditures
Eliminate Domestic Production Activities
Deduction
-$230B
Gradually Phase Out Mortgage Interest
Deduction
-$510B
Eliminate the State and Local Tax Deduction -$970B
Eliminate LIFO Accounting and Oil and Gas
Preferences
-$170B
Curtail the Deduction for Charitable Giving -$250B
Make Research & Experimentation Tax Credit
Permanent
$90B
Increase EITC for Childless Workers $70B
Reduce and Reform the EITC -$300B
Expand the EITC and Child Tax Credit $110B
Extend American Opportunity Tax Credit $80B
Tax Treatment of Employer Sponsored Health Insurance
Accelerate and Modify Excise Tax on High-
Cost Health Plans in 2016
-$280B
Repeal Excise Tax on High-Cost Plans $120B
Cap Employer Health Care Exclusion at Median
Premium
-$500B

More Related Content

Similar to Congratulations!You reduced the debt to below 60 of GDP in .docx

Similar to Congratulations!You reduced the debt to below 60 of GDP in .docx (20)

The President's FY 2017 Budget in Charts
The President's FY 2017 Budget in ChartsThe President's FY 2017 Budget in Charts
The President's FY 2017 Budget in Charts
 
Weathering Alaska's Fiscal Storm: The Challenge & Solution
Weathering Alaska's Fiscal Storm: The Challenge & SolutionWeathering Alaska's Fiscal Storm: The Challenge & Solution
Weathering Alaska's Fiscal Storm: The Challenge & Solution
 
CRFB - Build Back Better for Less - Oct. 15 2021
CRFB - Build Back Better for Less - Oct. 15 2021CRFB - Build Back Better for Less - Oct. 15 2021
CRFB - Build Back Better for Less - Oct. 15 2021
 
Budget 2015
Budget 2015Budget 2015
Budget 2015
 
Hawaii senate minority alternative budget fy 2016 17
Hawaii senate minority alternative budget fy 2016 17Hawaii senate minority alternative budget fy 2016 17
Hawaii senate minority alternative budget fy 2016 17
 
Explaining the Tax Extenders in Charts
Explaining the Tax Extenders in ChartsExplaining the Tax Extenders in Charts
Explaining the Tax Extenders in Charts
 
Presidents FY 2015 Chartbook
Presidents FY 2015 ChartbookPresidents FY 2015 Chartbook
Presidents FY 2015 Chartbook
 
2015 post budget presentation ubs
2015 post budget presentation   ubs2015 post budget presentation   ubs
2015 post budget presentation ubs
 
President Trump's Fy 2018 "Skinny Budget" and the American Health Care Act
President Trump's Fy 2018 "Skinny Budget" and the American Health Care ActPresident Trump's Fy 2018 "Skinny Budget" and the American Health Care Act
President Trump's Fy 2018 "Skinny Budget" and the American Health Care Act
 
CRFB Webinar - Unpacking the Latest COVID Relief Package - April 22, 2020
CRFB Webinar - Unpacking the Latest COVID Relief Package - April 22, 2020CRFB Webinar - Unpacking the Latest COVID Relief Package - April 22, 2020
CRFB Webinar - Unpacking the Latest COVID Relief Package - April 22, 2020
 
Hanrick curran 2015 tax and superannuation post budget presentation
Hanrick curran 2015 tax  and superannuation post budget presentationHanrick curran 2015 tax  and superannuation post budget presentation
Hanrick curran 2015 tax and superannuation post budget presentation
 
Ag Outlook by Jim Wiesemeyer at FCS Financial Ag Seminars
Ag Outlook by Jim Wiesemeyer at FCS Financial Ag SeminarsAg Outlook by Jim Wiesemeyer at FCS Financial Ag Seminars
Ag Outlook by Jim Wiesemeyer at FCS Financial Ag Seminars
 
Fiscal Policy Choices
Fiscal Policy ChoicesFiscal Policy Choices
Fiscal Policy Choices
 
Slideshow: Analysis of Tax Provisions in "Grand Bargain"
Slideshow: Analysis of Tax Provisions in "Grand Bargain"Slideshow: Analysis of Tax Provisions in "Grand Bargain"
Slideshow: Analysis of Tax Provisions in "Grand Bargain"
 
Slideshow: Analysis of Tax Provisions in the Grand Bargain
Slideshow: Analysis of Tax Provisions in the Grand BargainSlideshow: Analysis of Tax Provisions in the Grand Bargain
Slideshow: Analysis of Tax Provisions in the Grand Bargain
 
Slideshow: Analysis of the Tax Provisions in the "Grand Bargain"
Slideshow: Analysis of the Tax Provisions in the "Grand Bargain"Slideshow: Analysis of the Tax Provisions in the "Grand Bargain"
Slideshow: Analysis of the Tax Provisions in the "Grand Bargain"
 
2011 Jobs Act & Deficit Plan Overview And Summary (2)
2011 Jobs Act & Deficit Plan  Overview And Summary (2)2011 Jobs Act & Deficit Plan  Overview And Summary (2)
2011 Jobs Act & Deficit Plan Overview And Summary (2)
 
Not-For-profit October Viewpoint: IRS Announces No Change In Benefit Plan Lim...
Not-For-profit October Viewpoint: IRS Announces No Change In Benefit Plan Lim...Not-For-profit October Viewpoint: IRS Announces No Change In Benefit Plan Lim...
Not-For-profit October Viewpoint: IRS Announces No Change In Benefit Plan Lim...
 
CRFB webinar - Where Does the Next Phase of COVID Relief Stand - July 31, 2020
CRFB webinar - Where Does the Next Phase of COVID Relief Stand - July 31, 2020CRFB webinar - Where Does the Next Phase of COVID Relief Stand - July 31, 2020
CRFB webinar - Where Does the Next Phase of COVID Relief Stand - July 31, 2020
 
Repurposing Agricultural Support and Food System Finance
Repurposing Agricultural Support and Food System FinanceRepurposing Agricultural Support and Food System Finance
Repurposing Agricultural Support and Food System Finance
 

More from maxinesmith73660

You have been assigned a reading by WMF Petrie; Diospolis Parva (.docx
You have been assigned a reading by WMF Petrie; Diospolis Parva (.docxYou have been assigned a reading by WMF Petrie; Diospolis Parva (.docx
You have been assigned a reading by WMF Petrie; Diospolis Parva (.docx
maxinesmith73660
 
You have been asked to speak to city, municipal, and state elected a.docx
You have been asked to speak to city, municipal, and state elected a.docxYou have been asked to speak to city, municipal, and state elected a.docx
You have been asked to speak to city, municipal, and state elected a.docx
maxinesmith73660
 
You have been asked to organize a community health fair at a loc.docx
You have been asked to organize a community health fair at a loc.docxYou have been asked to organize a community health fair at a loc.docx
You have been asked to organize a community health fair at a loc.docx
maxinesmith73660
 
You have been asked to explain the differences between certain categ.docx
You have been asked to explain the differences between certain categ.docxYou have been asked to explain the differences between certain categ.docx
You have been asked to explain the differences between certain categ.docx
maxinesmith73660
 
You have been asked to develop UML diagrams to graphically depict .docx
You have been asked to develop UML diagrams to graphically depict .docxYou have been asked to develop UML diagrams to graphically depict .docx
You have been asked to develop UML diagrams to graphically depict .docx
maxinesmith73660
 
You have been asked to develop UML diagrams to graphically depict an.docx
You have been asked to develop UML diagrams to graphically depict an.docxYou have been asked to develop UML diagrams to graphically depict an.docx
You have been asked to develop UML diagrams to graphically depict an.docx
maxinesmith73660
 
You have been asked to be the project manager for the development of.docx
You have been asked to be the project manager for the development of.docxYou have been asked to be the project manager for the development of.docx
You have been asked to be the project manager for the development of.docx
maxinesmith73660
 
You have been asked to conduct research on a past forensic case to a.docx
You have been asked to conduct research on a past forensic case to a.docxYou have been asked to conduct research on a past forensic case to a.docx
You have been asked to conduct research on a past forensic case to a.docx
maxinesmith73660
 
You have been asked to be the project manager for the developmen.docx
You have been asked to be the project manager for the developmen.docxYou have been asked to be the project manager for the developmen.docx
You have been asked to be the project manager for the developmen.docx
maxinesmith73660
 

More from maxinesmith73660 (20)

You have been chosen to present in front of your local governing boa.docx
You have been chosen to present in front of your local governing boa.docxYou have been chosen to present in front of your local governing boa.docx
You have been chosen to present in front of your local governing boa.docx
 
You have been charged with overseeing the implementation of cybersec.docx
You have been charged with overseeing the implementation of cybersec.docxYou have been charged with overseeing the implementation of cybersec.docx
You have been charged with overseeing the implementation of cybersec.docx
 
You have been commissioned to create a manual covering the installat.docx
You have been commissioned to create a manual covering the installat.docxYou have been commissioned to create a manual covering the installat.docx
You have been commissioned to create a manual covering the installat.docx
 
You have been challenged by a mentor you respect and admire to demon.docx
You have been challenged by a mentor you respect and admire to demon.docxYou have been challenged by a mentor you respect and admire to demon.docx
You have been challenged by a mentor you respect and admire to demon.docx
 
You have been chosen as the consultant group to assess the organizat.docx
You have been chosen as the consultant group to assess the organizat.docxYou have been chosen as the consultant group to assess the organizat.docx
You have been chosen as the consultant group to assess the organizat.docx
 
You have been assigned a reading by WMF Petrie; Diospolis Parva (.docx
You have been assigned a reading by WMF Petrie; Diospolis Parva (.docxYou have been assigned a reading by WMF Petrie; Diospolis Parva (.docx
You have been assigned a reading by WMF Petrie; Diospolis Parva (.docx
 
You have been asked to speak to city, municipal, and state elected a.docx
You have been asked to speak to city, municipal, and state elected a.docxYou have been asked to speak to city, municipal, and state elected a.docx
You have been asked to speak to city, municipal, and state elected a.docx
 
You have been asked to provide a presentation, covering the history .docx
You have been asked to provide a presentation, covering the history .docxYou have been asked to provide a presentation, covering the history .docx
You have been asked to provide a presentation, covering the history .docx
 
You have been asked to organize a community health fair at a loc.docx
You have been asked to organize a community health fair at a loc.docxYou have been asked to organize a community health fair at a loc.docx
You have been asked to organize a community health fair at a loc.docx
 
You have been asked to explain the differences between certain categ.docx
You have been asked to explain the differences between certain categ.docxYou have been asked to explain the differences between certain categ.docx
You have been asked to explain the differences between certain categ.docx
 
You have been asked to evaluate a 3-year-old child in your clinic.  .docx
You have been asked to evaluate a 3-year-old child in your clinic.  .docxYou have been asked to evaluate a 3-year-old child in your clinic.  .docx
You have been asked to evaluate a 3-year-old child in your clinic.  .docx
 
You have been asked to develop UML diagrams to graphically depict .docx
You have been asked to develop UML diagrams to graphically depict .docxYou have been asked to develop UML diagrams to graphically depict .docx
You have been asked to develop UML diagrams to graphically depict .docx
 
You have been asked to develop UML diagrams to graphically depict an.docx
You have been asked to develop UML diagrams to graphically depict an.docxYou have been asked to develop UML diagrams to graphically depict an.docx
You have been asked to develop UML diagrams to graphically depict an.docx
 
You have been asked to develop a quality improvement (QI) process fo.docx
You have been asked to develop a quality improvement (QI) process fo.docxYou have been asked to develop a quality improvement (QI) process fo.docx
You have been asked to develop a quality improvement (QI) process fo.docx
 
You have been asked to design and deliver a Microsoft PowerPoint pre.docx
You have been asked to design and deliver a Microsoft PowerPoint pre.docxYou have been asked to design and deliver a Microsoft PowerPoint pre.docx
You have been asked to design and deliver a Microsoft PowerPoint pre.docx
 
You have been asked to be the project manager for the development of.docx
You have been asked to be the project manager for the development of.docxYou have been asked to be the project manager for the development of.docx
You have been asked to be the project manager for the development of.docx
 
You have been asked to conduct research on a past forensic case to a.docx
You have been asked to conduct research on a past forensic case to a.docxYou have been asked to conduct research on a past forensic case to a.docx
You have been asked to conduct research on a past forensic case to a.docx
 
You have been asked for the summary to include the following compone.docx
You have been asked for the summary to include the following compone.docxYou have been asked for the summary to include the following compone.docx
You have been asked for the summary to include the following compone.docx
 
You have been asked to be the project manager for the developmen.docx
You have been asked to be the project manager for the developmen.docxYou have been asked to be the project manager for the developmen.docx
You have been asked to be the project manager for the developmen.docx
 
You have been asked by management, as a senior member of your co.docx
You have been asked by management, as a senior member of your co.docxYou have been asked by management, as a senior member of your co.docx
You have been asked by management, as a senior member of your co.docx
 

Recently uploaded

SPLICE Working Group: Reusable Code Examples
SPLICE Working Group:Reusable Code ExamplesSPLICE Working Group:Reusable Code Examples
SPLICE Working Group: Reusable Code Examples
Peter Brusilovsky
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
EADTU
 
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPSSpellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
AnaAcapella
 
SURVEY I created for uni project research
SURVEY I created for uni project researchSURVEY I created for uni project research
SURVEY I created for uni project research
CaitlinCummins3
 

Recently uploaded (20)

Stl Algorithms in C++ jjjjjjjjjjjjjjjjjj
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjjStl Algorithms in C++ jjjjjjjjjjjjjjjjjj
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjj
 
Supporting Newcomer Multilingual Learners
Supporting Newcomer  Multilingual LearnersSupporting Newcomer  Multilingual Learners
Supporting Newcomer Multilingual Learners
 
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
 
VAMOS CUIDAR DO NOSSO PLANETA! .
VAMOS CUIDAR DO NOSSO PLANETA!                    .VAMOS CUIDAR DO NOSSO PLANETA!                    .
VAMOS CUIDAR DO NOSSO PLANETA! .
 
SPLICE Working Group: Reusable Code Examples
SPLICE Working Group:Reusable Code ExamplesSPLICE Working Group:Reusable Code Examples
SPLICE Working Group: Reusable Code Examples
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
 
UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024UChicago CMSC 23320 - The Best Commit Messages of 2024
UChicago CMSC 23320 - The Best Commit Messages of 2024
 
The Liver & Gallbladder (Anatomy & Physiology).pptx
The Liver &  Gallbladder (Anatomy & Physiology).pptxThe Liver &  Gallbladder (Anatomy & Physiology).pptx
The Liver & Gallbladder (Anatomy & Physiology).pptx
 
An overview of the various scriptures in Hinduism
An overview of the various scriptures in HinduismAn overview of the various scriptures in Hinduism
An overview of the various scriptures in Hinduism
 
OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...
 
diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....
 
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH FORM 50 CÂU TRẮC NGHI...
 
Trauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical PrinciplesTrauma-Informed Leadership - Five Practical Principles
Trauma-Informed Leadership - Five Practical Principles
 
PSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptxPSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptx
 
Rich Dad Poor Dad ( PDFDrive.com )--.pdf
Rich Dad Poor Dad ( PDFDrive.com )--.pdfRich Dad Poor Dad ( PDFDrive.com )--.pdf
Rich Dad Poor Dad ( PDFDrive.com )--.pdf
 
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPSSpellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
 
Graduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptxGraduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptx
 
male presentation...pdf.................
male presentation...pdf.................male presentation...pdf.................
male presentation...pdf.................
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & Systems
 
SURVEY I created for uni project research
SURVEY I created for uni project researchSURVEY I created for uni project research
SURVEY I created for uni project research
 

Congratulations!You reduced the debt to below 60 of GDP in .docx

  • 1. Congratulations! You reduced the debt to below 60% of GDP in 2024, and kept it at a sustainable level through 2030. Savings Relative to Current Law in Billions $7780 Dollars in billions that you need to cut to get under 60% of the GDP by 2024. $0 See your list of choices on page 2. CRFB.org Stabilize the Debt Simulator: Your choices in blue. Choose Your Path Afghanistan Reduce Troop Levels to 30,000 by 2017 -$680B Eliminate War Funding After 2021 -$820B Maintain Current Funding Levels $0 Alter the Sequester Fully Repeal the Sequester $1,040B
  • 2. Repeal About Half of the Sequester $540B Further Reduce Discretionary Spending -$320B Maintain the Sequester $0B Defense, Diplomacy & Security Replace the Joint Strike Fighter Program with F-16s and F/A-18s -$50B Foreign Aid Cut International Assistance Programs by 25% -$150B Increase International Assistance Programs by 25% $150B Veteran Benefits Reduce Veteran Income Security Benefits -$50B Expand Veteran Income Security Benefits $50B Cancel the Ground Combat Vehicle and Defer Development of the Long-Range Bomber -$50B
  • 3. Reduce US Navy Fleet to 230 Ships -$110B Increase Homeland Security Spending $70B Troop Levels Maintain Current Army Levels $130B Replace Military Personnel with Civilians -$30B CRFB.org Stabilize the Debt Simulator: Your choices in blue. Domestic Social & Economic Spending Restart the NASA Moon Mission and Create a Moon Colony $250B Enact New Jobs Bill $340B Highway Funding Limit Highway Funding to Dedicated Revenue -$190B Enact Increased Transportation Funding $100B Block Grant Food Stamps and Reduce to 2008 Levels -$140B
  • 4. Cut Temporary Assistance to Needy Families (TANF) Program -$80B Cut Federal Funding of K-12 Education by 25% -$80B Restrict Eligibility for Pell Grants -$120B Cut School Breakfast Programs -$30B Double Funding on Adoption and Foster Care $80B Increase Education Funding by $10 Billion Each Year $110B Social Security Raise the Normal Retirement Age to 70 -$80B Slow Initial Benefit Growth Gradually Reduce Scheduled Benefits -$150B Progressively Reduce Benefits, Protecting Low and Middle Income Earners -$30B Progressively Reduce Benefits, Protecting Low Income Earners
  • 5. -$90B Use a More Accurate Measure of Inflation for COLAs -$150B Reduce Spousal Benefits from 50% to 33% -$10B Increase Years Used to Calculate Benefits -$70B Include All New State and Local Workers -$90B Institute a Minimum Benefit $70B CRFB.org Stabilize the Debt Simulator: Your choices in blue. Healthcare Modify Health Care Reform Law Establish a Public Option in the Health Exchanges -$220B Repeal Insurance Mandate -$550B Repeal Entire Legislation $170B Repeal Legislation, but Keep Medicare/Medicaid Cuts
  • 6. -$1,010B Modernize Cost Sharing for Medicare -$160B Increase Medicare Premiums for High-Income Beneficiaries -$90B Require Manufacturers to Pay a Minimum Drug Rebate for Medicare Low-Income Beneficiaries -$170B Enact Medical Malpractice Reform -$70B Bundle Payments for Inpatient and Post-Acute Care -$70B Replace Traditional Medicare with Premium Support -$380B Modify Federal Medicaid Funding to States Reduce the Floor on Federal Matching Rates for Medicaid -$230B Block Grant Medicaid and Grow With Inflation Plus Population Growth
  • 7. -$860B Other Spending Use the Chained CPI for Mandatory Programs and the Tax Code -$190B Reduce Federal Civilian Employee Pay Increases and Cap Increases in Military Pay -$110B Introduce Minimum Out-of-Pocket Requirements Under TRICARE for Life -$40B Reform Federal Retiree Benefits -$110B Reform Fannie Mae and Freddie Mac -$30B Reduce Crop Insurance Subsidies -$30B Expand Spending on Federal Research & Development $110B Repeal the Davis-Bacon Act -$20B Provide Funding to States to Fill Budget Gaps $130B
  • 8. CRFB.org Stabilize the Debt Simulator: Your choices in blue. Revenue Raise Tax Rates on Capital Gains and Dividends -$60B Increase Excise Taxes on Alcohol -$80B Impose a Financial Crisis Responsibility Fee -$70B Restore 2009 Estate Tax Parameters -$150B Enact Carbon Tax or Cap-and-Trade -$450B Increase Gas Tax by 10 Cents per Gallon -$160B Enact Five Percent VAT with Partial Rebate -$640B Increase the Standard Deduction $300B Impose a 5.4% Surtax on Income Above $1 Million -$550B Enact the Buffett Rule -$90B Raise Social Security Payroll Tax Cap Raise Cap to Cover 90% of Earnings -$550B Institute Two Percent Surtax on Earnings
  • 9. Above Cap -$380B Reduce Corporate Tax Rate to 30% $680B Increase HI Tax by 0.1% -$100B Improve Tax Collection (Reduce Tax Gap) -$70B Tax Expenditures Eliminate Domestic Production Activities Deduction -$230B Gradually Phase Out Mortgage Interest Deduction -$510B Eliminate the State and Local Tax Deduction -$970B Eliminate LIFO Accounting and Oil and Gas Preferences -$170B Curtail the Deduction for Charitable Giving -$250B Make Research & Experimentation Tax Credit Permanent $90B
  • 10. Increase EITC for Childless Workers $70B Reduce and Reform the EITC -$300B Expand the EITC and Child Tax Credit $110B Extend American Opportunity Tax Credit $80B Tax Treatment of Employer Sponsored Health Insurance Accelerate and Modify Excise Tax on High- Cost Health Plans in 2016 -$280B Repeal Excise Tax on High-Cost Plans $120B Cap Employer Health Care Exclusion at Median Premium -$500B