Congratulations!

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

Savings Relative to Current Law in Billions Savings Relative to Current Policy in Billions

$2260 $6210

Dollars in Billions that you need to cut to get under 60% of the GDP by 2021.

$0
See your list of choices on page 2.

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

Choose Your Path
Iraq and Afghanistan Reduce Troops to 60,000 by 2015 Reduce Troops to 45,000 by 2015 Maintain Current Funding Levels 2001/2003 Tax Cuts Renew All the Tax Cuts Renew the Tax Cuts on Income Below $250k/200k $4,530B $3,430B -$580B -$840B $0

Defense, Diplomacy & Security

Replace the Joint Strike Fighter Program with F-16s and F/A-18s Foreign Aid Cut Foreign Economic Aid in Half -$90B Increase Foreign Economic Aid by 50% $90B Veteran Benefits Reduce Veteran Income Security Benefits Expand Veteran Income Security Benefits -$60B $40B -$80B

Renew Tax Cuts Available at Lower $2,660B Incomes and Continue AMT and Estate Tax at 2009 Level Allow All the Tax Cuts to Expire, Except for AMT Patches and Estate Tax at 2009 Level Alter the Sustainable Growth Rate Freeze the Sustainable Growth Rate Grow Sustainable Growth Rate at Medicare Economic Index Adopt the Bowles-Simpson Fiscal Commission Recommendations for the Sustainable Growth Rate $320B $380B $280B $1,130B

Reduce Spending Related to the Nuclear -$80B Arsenal Reduce US Navy Fleet to 230 Ships Increase Homeland Security Spending Troop Levels Increase Number of Troops by 46,000 Reverse 'Grow the Army' Initiative $80B -$110B -$170B $60B

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

Domestic Social & Economic Spending

Restart the NASA Moon Mission and Create a $160B Moon Colony Enact New Jobs Bill Highway Funding Limit Highway Funding and Increase Fees for -$130B Aviation Security Enact Increased Transportation Funding $260B Block Grant Food Stamps and Reduce to 2008 -$180B Levels Cut Temporary Assistance to Needy Families (TANF) Program Cut Federal Funding of K-12 Education by 25% Eliminate the New Markets Tax Credit Cut School Breakfast Programs Increase Education Funding by $10 Billion Each Year -$30B -$80B -$50B -$40B $130B $300B

Social Security
Raise the Normal Retirement Age to 68 Slow Initial Benefit Growth Gradually Reduce Scheduled Benefits -$140B Progressively Reduce Benefits, Protecting Low -$40B and Middle Income Earners Progressively Reduce Benefits, Protecting Low -$90B Income Earners Use an Alternate Measure of Inflation for COLA -$110B Reduce Spousal Benefits from 50% to 33% Increase Years Used to Calculate Benefits Include All New State and Local Workers Institute a Minimum Benefit -$20B -$50B -$100B $200B -$160B

Double Funding on Adoption and Foster Care $80B

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

Healthcare
Modify Health Care Reform Law Establish a Public Option in the Health Exchanges Repeal Insurance Mandate Repeal Entire Legislation Repeal Legislation, but Keep Medicare/Medicaid Cuts Increase Cost Sharing for Medicare Raise Medicare Premiums to 35% of Costs Require Manufacturers to Pay a Minimum Drug Rebate for Medicare Low-Income Beneficiaries Enact Medical Malpractice Reform Increase Medicare Retirement Age to 67 Replace Traditional Medicare with Premium Support Modify Federal Medicaid Funding to States Reduce the Floor on Federal Matching Rates for -$160B Medicaid Block Grant Medicaid and Grow With Inflation Plus Population Growth -$300B -$100B -$330B $80B -$700B -$130B -$190B -$110B -$50B -$140B -$150B

Other Spending
Use the Chained CPI for Other Indexed Programs Reduce Federal Civilian Employee Pay Increases and Cap Increases in Military Pay Introduce Minimum Out-of-Pocket Requirements Under TRICARE for Life Reform Federal Retiree Benefits Reform Fannie Mae and Freddie Mac Reduce Farm Subsidies Expand Spending on Federal Research & Development Reduce Funding for the Arts & Humanties Increase Mass Transit Funding -$70B -$60B -$50B -$70B -$30B -$100B $110B -$10B $60B

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

Revenue
Raise Tax Rates on Capital Gains Sell Certain Government Assets Impose a Financial Crisis Responsibility Fee Repeal LIFO Accounting Methods and Eliminate Oil and Gas Preferences in the Tax Code Enact Carbon Tax or Cap-and-Trade Increase Gas Tax by 10 Cents per Gallon Enact Five Percent VAT with Partial Rebate Eliminate Taxes on Capital Gains, Dividends and Interest for Families Earning Below $200,000 Impose a 5.6% Surtax on Income Above $1 Million Enact the Buffett Rule Raise Social Security Payroll Tax Cap Raise Cap to Cover 90% of Earnings -$410B Institute Two Percent Surtax on Earnings Above -$200B Cap Reduce Corporate Tax Rate to 30% Index Tax Code to Alternate Measure of Inflation Improve Tax Collection (Reduce Tax Gap) $410B -$50B -$10B -$60B -$80B -$80B -$150B

Tax Expenditures
Tax Fringe Benefits as Regular Income Gradually Phase Out Mortgage Interest Deduction Curtail State and Local Tax Deduction Eliminate Life Insurance Tax Benefits Curtail the Deduction for Charitable Giving -$410B -$120B -$490B $230B Make Research & Experimentation Tax Credit Permanent Cut the EITC and Child Tax Credit Expand the EITC and Child Tax Credit Extend American Opportunity Tax Credit -$540B -$160B Accelerate and Modify Excise Tax on HighCost Health Plans in 2013 Repeal Excise Tax on High-Cost Plans Replace Employer Health Care Exclusion with a Flat Credit (In Place of Excise Tax) -$80B -$240B -$590B -$280B -$180B $40B

Reinstate $400/person Making Work Pay Credit $530B -$80B $110B $50B -$60B $120B -$450B

Tax Treatment of Employer Sponsored Health Insurance