How Can We Have An Almost Balanced Budget By 2015 Without Hurting The Poor and Middle Class American

[Joel thakkar]

CBO (Non-Partition) estimates budget deficit around $378 billion in the year 2015.


Here is the major OUTs (expenses) of Budget 2013.

1) Department of Defense - $673 Billion
2) Department Of Homeland Security - $55 Billion
3) Social Security Admin - $882 Billion
4) Department of Health (Includes Medicare/Caid) - $941 Billion
5) Foreign Aid Across All Departments - $52 Billion
6) Department Of Agriculture (Including Food Stamps) - $155 Billion

Here are the easy steps

1) Cut defense spending by 1/3 (33%) - $225 Billion. We can close foreign stations, buy less tanks, planes, ships etc, close foreign military assistance and lots of other things.

2) Raise minimum wage to $10 per hour. This will automatically reduce the medicaid and Food stamps budget.

3) Implement The 30% Flat Millionaires Tax Rule. According to a report, it will increase federal revenue by $37 Billion

4) Reducing farm subsidies, extra health care spending - $60 Billion (WH Budget estimates 2014)

5) Reducing Foreign Aid By 50% - Savings $26 Billion


Total Savings : $225+$60+$37+$26 (B) = $348 Billion + Reduction of welfare programs of medicaid/Food stamps due to increase in minimum wage.
Deficit Projection (if current policies are continued) : $378 Billion