Can anyone help in this area

Congratulations! You reduced the debt to below 60% of GDP in 2024, and kept it at a sustainable level through 2030.

Savings Relative to Current Law in Billions $7780

Dollars in billions that you need to cut to get under 60% of the GDP by 2024.

$0

See your list of choices on page 2.

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

Choose Your Path

Afghanistan

Reduce Troop Levels to 30,000 by 2017 -$680B

Eliminate War Funding After 2021 -$820B

Maintain Current Funding Levels $0

Alter the Sequester

Fully Repeal the Sequester $1,040B

Repeal About Half of the Sequester $540B

Further Reduce Discretionary Spending -$320B

Maintain the Sequester $0B

Defense, Diplomacy & Security

Replace the Joint Strike Fighter Program with F-16s and F/A-18s

-$50B

Foreign Aid

Cut International Assistance Programs by 25%

-$150B

Increase International Assistance Programs by 25%

$150B

Veteran Benefits

Reduce Veteran Income Security Benefits -$50B

Expand Veteran Income Security Benefits $50B

Cancel the Ground Combat Vehicle and Defer Development of the Long-Range Bomber

-$50B

Reduce US Navy Fleet to 230 Ships -$110B

Increase Homeland Security Spending $70B

Troop Levels

Maintain Current Army Levels $130B

Replace Military Personnel with Civilians -$30B

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

Domestic Social & Economic Spending

Restart the NASA Moon Mission and Create a Moon Colony

$250B

Enact New Jobs Bill $340B

Highway Funding

Limit Highway Funding to Dedicated Revenue -$190B

Enact Increased Transportation Funding $100B

Block Grant Food Stamps and Reduce to 2008 Levels

-$140B

Cut Temporary Assistance to Needy Families (TANF) Program

-$80B

Cut Federal Funding of K-12 Education by 25%

-$80B

Restrict Eligibility for Pell Grants -$120B

Cut School Breakfast Programs -$30B

Double Funding on Adoption and Foster Care $80B

Increase Education Funding by $10 Billion Each Year

$110B

Social Security

Raise the Normal Retirement Age to 70 -$80B

Slow Initial Benefit Growth

Gradually Reduce Scheduled Benefits -$150B

Progressively Reduce Benefits, Protecting Low and Middle Income Earners

-$30B

Progressively Reduce Benefits, Protecting Low Income Earners

-$90B

Use a More Accurate Measure of Inflation for COLAs

-$150B

Reduce Spousal Benefits from 50% to 33% -$10B

Increase Years Used to Calculate Benefits -$70B

Include All New State and Local Workers -$90B

Institute a Minimum Benefit $70B

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

Healthcare

Modify Health Care Reform Law

Establish a Public Option in the Health Exchanges

-$220B

Repeal Insurance Mandate -$550B

Repeal Entire Legislation $170B

Repeal Legislation, but Keep Medicare/Medicaid Cuts

-$1,010B

Modernize Cost Sharing for Medicare -$160B

Increase Medicare Premiums for High-Income Beneficiaries

-$90B

Require Manufacturers to Pay a Minimum Drug Rebate for Medicare Low-Income Beneficiaries

-$170B

Enact Medical Malpractice Reform -$70B

Bundle Payments for Inpatient and Post-Acute Care

-$70B

Replace Traditional Medicare with Premium Support

-$380B

Modify Federal Medicaid Funding to States

Reduce the Floor on Federal Matching Rates for Medicaid

-$230B

Block Grant Medicaid and Grow With Inflation Plus Population Growth

-$860B

Other Spending

Use the Chained CPI for Mandatory Programs and the Tax Code

-$190B

Reduce Federal Civilian Employee Pay Increases and Cap Increases in Military Pay

-$110B

Introduce Minimum Out-of-Pocket Requirements Under TRICARE for Life

-$40B

Reform Federal Retiree Benefits -$110B

Reform Fannie Mae and Freddie Mac -$30B

Reduce Crop Insurance Subsidies -$30B

Expand Spending on Federal Research & Development

$110B

Repeal the Davis-Bacon Act -$20B

Provide Funding to States to Fill Budget Gaps $130B

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

Revenue

Raise Tax Rates on Capital Gains and Dividends

-$60B

Increase Excise Taxes on Alcohol -$80B

Impose a Financial Crisis Responsibility Fee -$70B

Restore 2009 Estate Tax Parameters -$150B

Enact Carbon Tax or Cap-and-Trade -$450B

Increase Gas Tax by 10 Cents per Gallon -$160B

Enact Five Percent VAT with Partial Rebate -$640B

Increase the Standard Deduction $300B

Impose a 5.4% Surtax on Income Above $1 Million

-$550B

Enact the Buffett Rule -$90B

Raise Social Security Payroll Tax Cap

Raise Cap to Cover 90% of Earnings -$550B

Institute Two Percent Surtax on Earnings Above Cap

-$380B

Reduce Corporate Tax Rate to 30% $680B

Increase HI Tax by 0.1% -$100B

Improve Tax Collection (Reduce Tax Gap) -$70B

Tax Expenditures

Eliminate Domestic Production Activities Deduction

-$230B

Gradually Phase Out Mortgage Interest Deduction

-$510B

Eliminate the State and Local Tax Deduction -$970B

Eliminate LIFO Accounting and Oil and Gas Preferences

-$170B

Curtail the Deduction for Charitable Giving -$250B

Make Research & Experimentation Tax Credit Permanent

$90B

Increase EITC for Childless Workers $70B

Reduce and Reform the EITC -$300B

Expand the EITC and Child Tax Credit $110B

Extend American Opportunity Tax Credit $80B

Tax Treatment of Employer Sponsored Health Insurance

Accelerate and Modify Excise Tax on High- Cost Health Plans in 2016

-$280B

Repeal Excise Tax on High-Cost Plans $120B

Cap Employer Health Care Exclusion at Median Premium

-$500B