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| BALANCING THE U.S. BUDGET |
For all you republicans whom are complaining about President Obama's budget, you now have your chance to put your economic wit to use and "balance the budget". Is it realistic to believe that the United States of America can or ever will balance the budget? Probably not.
Today, you’re in charge of the nation’s finances. Some of your options have more short-term savings and some have more long-term savings. When you have closed the budget gaps for both 2015 and 2030, you are done.
President Barack Obama's 2012 budget proposal aims to slash $1.1 trillion from the U.S. deficit over 10 years. It includes a range of domestic spending reductions. The president faces the twin tasks of bringing down the ballooning budget deficit while keeping the economy afloat.
The Congressional Budget Office expects the budget deficit to hit $1.5 trillion this year. Couple that with a national debt nearing its $14.3 trillion ceiling, and a stubbornly high unemployment rate, Obama has his work cut out for him.
However, Republicans retort that the plan does not go far enough, and that it still spends, taxes and borrows too much. They are promising a plan of their own that will go further.
Most families have mortgages and credit cards, and they rarely if ever balance their budget, so are we ever to expect our Government to balance the budget?
Give the budget puzzle a try, and if you balance the budget and are able to sustain the economy, then you get the nod for the 2012 Presidential run.
NEW YORK TIMES BUDGET PUZZLE
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