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American Public Shows How it Would Cut the Budget Deficit

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  • A new study finds that when average Americans are presented the federal budget in some detail, most are able to dramatically reduce the budget deficit and resolve the Social Security shortfall.
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  • The Progressive Plan For Deficit Reduction
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  • Citizens must be better educated about U.S. economic options
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World Public Opinion .org

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(Image Credit: cjbrenchley)

In December the Chairs of the President's Fiscal Commission released their proposal for addressing the budget deficit and the projected shortfalls for Social Security and Medicare. This new study shows how the American public would deal with these challenges.

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Through a combination of spending cuts and tax increases, on average, respondents cut the discretionary budget deficit projected for 2015 by seventy percent. Six in ten solved the problem of the projected Social Security shortfall through adjustments in payroll taxes, premiums, and benefits. The projected Medicare shortfall was also dramatically reduced.

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Related:

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The Progressive Plan For Deficit Reduction, Progress Report, Think Progress
The deficit commission's plan is not a feasible path toward reducing the long-term structural deficit.

Citizens must be better educated about U.S. economic options, Alex Alben, Seattle Times | WA

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  • U.S. political culture and our education system have roles to play in the dire straits of our economy.
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  • Some ideas for building a better, more informed national consensus.
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  • Austerity - a sure path to a bad economy
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