By — Paul Solman Paul Solman Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/how-would-you-balance-rundown Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter How Would YOU Balance the U.S. Budget? Economy Nov 15, 2010 10:53 AM EDT 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. By way of comparison, here are the leaked “starting point” proposals from the bi-partisan heads of the President’s National Commission of Fiscal Responsibility and Reform. 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. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Paul Solman Paul Solman Paul Solman has been a correspondent for the PBS News Hour since 1985, mainly covering business and economics. @paulsolman
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. By way of comparison, here are the leaked “starting point” proposals from the bi-partisan heads of the President’s National Commission of Fiscal Responsibility and Reform. 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. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now