I must admit I had my doubts that the Federal Government would be able to reduce the deficit by half within the next few years like it said it would. I thought later that I saw a possible way to make it happen. I spent over twenty pages trying to explain and came to the conclusion that in order for the deficit to be halved, the Federal government will have to raise revenues (taxes) or cut spending. I’ll leave that to you the reader to determine which avenue will be the most likely.
The file I developed should be light reading (if you’re into economics)! Enjoy it if you can! I’ll post it in the Pages section. Unfortunately I was unable to copy the figures (which had been screen shots from graphs generated by an Excel spreadsheet I seem to have left on another computer somewhere). I’ll try to find them and get them updated.