my stabilize the debt results

8/2/2019 My Stabilize the Debt Results

1/5

Congratulations!You reduced the debt to below 60% of GDP in 2021, and kept it at a sustainable levelthrough 2030.

vings Relative to Current Law in Billions $2260

vings Relative to Current Policy in Billions $6210

Dollars in Billions that you need to cut to

get under 60% of the GDP by 2021.

$0See your list of choices on page 2.


2/5

RFB.org Stabilize the Debt Simulator: Your choices in blue.

Choose Your Pathraq and Afghanistan

educe Troops to 60,000 by 2015 -$580B

educe Troops to 45,000 by 2015 -$840B

Maintain Current Funding Levels $0

001/2003 Tax Cuts

enew All the Tax Cuts $4,530B

enew the Tax Cuts on Income Below

250k/200k

$3,430B

enew Tax Cuts Available at Lower

ncomes and Continue AMT and Estate

ax at 2009 Level

$2,660B

llow All the Tax Cuts to Expire,

xcept for AMT Patches and Estate

ax at 2009 Level

$1,130B

lter the Sustainable Growth Rate

reeze the Sustainable Growth Rate $320B

row Sustainable Growth Rate at

Medicare Economic Index

$380B

dopt the Bowles-Simpson Fiscal

ommission Recommendations for the

ustainable Growth Rate

$280B

Defense, Diplomacy & SecurityReplace the Joint Strike Fighter

Program with F-16s and F/A-18s

-$80B

Foreign Aid

Cut Foreign Economic Aid in Half -$90B

Increase Foreign Economic Aid by 50% $90B

Veteran Benefits

Reduce Veteran Income Security

Benefits

-$60B

Expand Veteran Income Security

Benefits

$40B

Reduce Spending Related to the Nuclear

Arsenal

-$80B

Reduce US Navy Fleet to 230 Ships -$170B

Increase Homeland Security Spending $60B

Troop Levels

Increase Number of Troops by 46,000 $80B

Reverse 'Grow the Army' Initiative -$110B


3/5


Domestic Social & Economic

pending

estart the NASA Moon Mission and Create a

Moon Colony

$160B

nact New Jobs Bill $300B

ighway Funding

imit Highway Funding and Increase Fees for

viation Security

-$130B

nact Increased Transportation Funding $260B

lock Grant Food Stamps and Reduce to 2008

evels

-$180B

ut Temporary Assistance to Needy Families

TANF) Program

-$30B

ut Federal Funding of K-12 Education by

5%

-$80B

liminate the New Markets Tax Credit -$50B

ut School Breakfast Programs -$40B

ouble Funding on Adoption and Foster Care $80B

ncrease Education Funding by $10 Billion

ach Year

$130B

Social Security

Raise the Normal Retirement Age to 68 -$160

Slow Initial Benefit Growth

Gradually Reduce Scheduled Benefits -$140

Progressively Reduce Benefits, Protecting Low

and Middle Income Earners

-$40B

Progressively Reduce Benefits, Protecting Low

Income Earners

-$90B

Use an Alternate Measure of Inflation for COLA -$110

Reduce Spousal Benefits from 50% to 33% -$20B

Increase Years Used to Calculate Benefits -$50B

Include All New State and Local Workers -$100

Institute a Minimum Benefit $200B


4/5


HealthcareModify Health Care Reform Law

stablish a Public Option in the Health

xchanges

-$100B

epeal Insurance Mandate -$330B

epeal Entire Legislation $80B

epeal Legislation, but Keep

Medicare/Medicaid Cuts

-$700B

ncrease Cost Sharing for Medicare -$130Baise Medicare Premiums to 35% of Costs -$190B

equire Manufacturers to Pay a Minimum Drug

ebate for Medicare Low-Income Beneficiaries

-$110B

nact Medical Malpractice Reform -$50B

ncrease Medicare Retirement Age to 67 -$140B

eplace Traditional Medicare with Premium

upport

-$150B

Modify Federal Medicaid Funding to Stateseduce the Floor on Federal Matching Rates for

Medicaid

-$160B

lock Grant Medicaid and Grow With Inflation

lus Population Growth

-$300B

Other SpendingUse the Chained CPI for Other Indexed

Programs

-$70B

Reduce Federal Civilian Employee Pay

Increases and Cap Increases in Military Pay

-$60B

Introduce Minimum Out-of-Pocket

Requirements Under TRICARE for Life

-$50B

Reform Federal Retiree Benefits -$70B

Reform Fannie Mae and Freddie Mac -$30B

Reduce Farm Subsidies -$100

Expand Spending on Federal Research &

Development

$110

Reduce Funding for the Arts & Humanties -$10B

Increase Mass Transit Funding $60B


5/5


Revenueaise Tax Rates on Capital Gains -$60B

ell Certain Government Assets -$80B

mpose a Financial Crisis Responsibility Fee -$80B

epeal LIFO Accounting Methods and

liminate Oil and Gas Preferences in the Tax

ode

-$150B

nact Carbon Tax or Cap-and-Trade -$410B

ncrease Gas Tax by 10 Cents per Gallon -$120Bnact Five Percent VAT with Partial Rebate -$490B

liminate Taxes on Capital Gains, Dividends

nd Interest for Families Earning Below

200,000

$230B

mpose a 5.6% Surtax on Income Above $1

Million

-$540B

nact the Buffett Rule -$160B

aise Social Security Payroll Tax Cap

aise Cap to Cover 90% of Earnings -$410B

nstitute Two Percent Surtax on Earnings Above

ap

-$200B

educe Corporate Tax Rate to 30% $410B

ndex Tax Code to Alternate Measure of

nflation

-$50B

mprove Tax Collection (Reduce Tax Gap) -$10B

Tax ExpendituresTax Fringe Benefits as Regular Income -$80

Gradually Phase Out Mortgage Interest

Deduction

-$24

Curtail State and Local Tax Deduction -$59

Eliminate Life Insurance Tax Benefits -$28

Curtail the Deduction for Charitable Giving -$18

Make Research & Experimentation Tax Credit

Permanent

$40B

Reinstate $400/person Making Work Pay Credit $530

Cut the EITC and Child Tax Credit -$80

Expand the EITC and Child Tax Credit $110

Extend American Opportunity Tax Credit $50B

Tax Treatment of Employer Sponsored Health Insuran

Accelerate and Modify Excise Tax on High-

Cost Health Plans in 2013

-$60

Repeal Excise Tax on High-Cost Plans $120

Replace Employer Health Care Exclusion with

a Flat Credit (In Place of Excise Tax)

-$45

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