Making Sense -- November 15, 2010 at 10:53 AM ET
How Would YOU Balance the U.S. Budget?
The Sunday Times recently featured an exercise that it might make sense for all Americans to try, and certainly members of Congress pressing to balance the budget- Budget Puzzle: You Fix the Budget.
And, if you prefer to get out your pencil for these types of things, the Times has a printable PDF version of the Puzzle as well.
Quite apart from the debate over fiscal policy in a time of economic indolence - do deficits stimulate the economy or destroy confidence? - there is the simple question of, how? What expenses does government cut and/or what revenues does it raise?
There are various software tools on the web to illustrate the choices, but the Times has done a more exhaustive job than most.
One thing to note: the Commission's proposal to eliminate the Corporation for Public Broadcasting isn't an option in the New York Times exercise. That's because the total amount is $420 million and the Times included only amounts of $5 billion or more.