Monday, October 25, 2010


It's worth clicking through to read the specifics. 
Once you take partisan politics out of the equation, 
the way is fairly clear. 
No, not easy. But clear.

"A few months ago, we announced the formation and mandate of the Esquire Commission to Balance the Federal Budget. The plan was simple: A group of former legislators from across the political spectrum would convene, make the hard choices that our current leaders refuse to make, and erase the annual budget deficit by 2020. Below, the results of their efforts in all their statistical detail (also available in the November issue — now on sale). You can also read the authors' introduction here and the story of how it all happened here.

A Few Words on the Objectives:

Primary Objective: To balance the federal budget by 2020 by instituting spending cuts and/or revenue increases, most of which would not begin until 2013.

Secondary Objective: To adjust annual government spending and annual government revenue so that both equal 20 percent of the gross domestic product by 2020.

Tertiary Objective: To stabilize national debt at less than 60 percent of GDP by 2020.
Other Objectives That We Hadn't Intended to Meet but Did Anyway:
• Guarantee the solvency of Social Security over the next seventy-five years.
• Restructure the military to better meet the challenges of the twenty-first century.
• Keep individual tax rates at or near their current levels for all Americans.

Note: All projected savings and revenue for fiscal year 2020 only, and all amounts in 2020 dollars."

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