I cut all non-essential federal spending, increased the military by 100%, increased police spending by 100% and cut taxes by 100% and I came up with a surplus of 350 billion. The simulator say I should cut taxes more which of course I would.
Actually, I wouldn’t cut taxes that much at first. I’d pay down the deficit. It’d take 10 years max if we did it the way I want to…and that’s with significant tax refunds the whole way.
I managed to get a $893.43 billion deficit, increasing it $492.43 billion
Oops. Part of it is because I kept Social Security retirement plans and the space program. However, it’s important to note that I increased everything by 100% that the government should be doing, such as defense and including the Afghanistan and Iraq spending, which wouldn’t always need to be done. And some things I notice aren’t completely eliminated, even when I tell it to be (such as non-defense energy programs). Otherwise, I’d have a very trim budget.
I think it’s important to note that this thing seems to be from a left-leaning blog, so I don’t know how much faith to put in its projections.
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).
New budget is $2807.17 billion
($657.5 billion in spending, $2149.67 billion in tax expenditures and cuts).
You have cut the deficit by $940.19 billion.
Your new deficit is $-539.18 billion.
Oops!
You’ve cut so much that the federal budget now contains a substantial surplus. Many economists warn that this budget may help induce or prolong a recession, and ordinary citizens demand a refund. You might want to cut taxes or raise spending.
I cut military spending by 40%, dropped Iraq and Afghanistan spending by 50%, upped administration of justice by 20%, and kept military pensions the same. Everything else was thrown out. The total spending of that government would be 658 billion dollars per year.