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Old 10-23-2005, 12:42 PM
lehighguy lehighguy is offline
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Join Date: Nov 2004
Posts: 590
Default My Budget

http://www.nathannewman.org/cgi-bin/...rt.budget06.pl
Hopefully that link works.

I doubled the 2001 and 2003 tax cuts at every bracket. I wasn't sure what to do with corporate or mortgage tax breaks. On the one hand I want to elminate them, and on the other hand I want to reduce corporate taxes to 0%, thus making them irrelevant anyway. So I just left it alone since there isn't any way to directly change taxes in the program.

I assumed we would stay Iraq for the next few years so I kept military spending constant and doubled reconstruction aid. I also only cut military in general by 30% rather then the desired 70% to reflect the need to keep extra troops for rotation until we leave.

I only cut SS and Medicare by 50% since I figure these programs have to be phased out. A current retiree can't get hit up front, but those that can should be aware and start saving now.

The net result was a $177Bln surplus. If I assume an Iraq pullout it gets much larger.
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