To be honest, I am writing this blog to take advantage of a nifty little application The New York Times published a few months ago that actually makes the task of balancing the budget fun (No, really, I’m serious).
I first tried to come up with a plan that balanced the budget without any tax increases. Amazingly, it is possible, but draconian. This is what I call “The Draconian Option.”
Then, I came up with a more reasonable and balanced plan, which I call “The Sensible Option.” This plan balances the budget with 19% of the savings from tax increases and 82% from spending cuts.
Either way, I encourage folks to come up with their own plans using this great little application.