“The deficits our nation will run for the next few years are important for getting the country back on a solid economic foundation. But we need to be planning for the day when we deal with our longer-term deficits”: by Michael Ettlinger, Michael Linden | September 21, 2010
“The purpose of this report is to examine what spending cuts could look like under several scenarios for hitting a deficit target of primary balance in 2015: either all through spending cuts, two-thirds through spending cuts, half through spending cuts, or one-third through spending cuts. Tax increases would have to make up the difference for those plans that dont hit the target entirely through spending cuts although we leave to another day detailing what such tax hikes might look like.”
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