Tuesday, June 29, 2010

tax & cut: play the deficits game….

if you havent heard about it yet, you’ll be hearing a lot about cutting deficits going forward…ostensibly because of our deficits, the majority of 41 in congress has already delayed unemployment benefits over a  month, cutting off funds 1.6 million americans who havent had a paycheck for over half a year; they also cut funding 30 states had budgeted for, as well as cut off Medicaid funding to the states…why would they do that?  they fear the invisible bond vigilantes are gonna get us if we dont…

similarly fearing those bond vigilantes, all the countries in the G-20 have just committed to cut their deficits in half by 2013; even obama, who originally favored stimulus, came back from toronto calling the bluff of the deficit hawks…so the whole world is now heading towards belt tightening austerity, just like ireland did…pass the hair shirts and gruel, the whole world is becoming an ascetic monastery…

so, to give you all a chance to get in on the action, im posting below an intro to Stabilize the Debt, a game from the peterson-pew people; & to give you some hints on how to play the game, ill link you to an article by ezra klein at the washington post: Choose your own deficit

what i find interesting about this game as its now being played everywhere, is that its all about the ratio of the debt to the GDP, and everyone who talks about fixing it addresses it by looking for a way to lower the deficits and hence the debt…i have yet to see an approach to this problem which would involve a plan for raising the GDP, which would achieve the same result…so until someone comes up with that idea, we’ll just have to play the game the way it was designed:  tax and cut…more info here

Stabilize the U.S. Debt: An Online Exercise in Hard Choices

NEXT

YOUR CHALLENGE: Stabilize the U.S. Debt at 60% of GDP by 2018.

To begin the simulation, click the “Next” button above. There are 8 categories where your choices will affect the debt. Negative numbers next to a choice indicate how much the debt will be reduced, positive numbers add to the debt. Use the “Next” and “Back” buttons to navigate to each section; do not use your browser’s navigation arrows. Click the “Done” button when finished making all the choices you want. The bar graph on the right will chart how your choices affect the debt-to-GDP ratio relative to the 60% goal. Visit the FAQ page for more on how the game works.

3 comments:

  1. Is migrating to NZ or Brazil one of the games choices?

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  2. LOL
    Ya, I hear the American Passport and Visa office is now backed up. I am talking out going, not in coming migration.
    There are still quite a few places in the world where one can live quite comfortably on $1,200.00 a month.

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  3. a minor change was necessary to the finreg bill which was supposedly passed last week...a handful of senators who voted against unemployment comp & medicaid because those programs would add to the deficit objected to the $19 billion in banks fees added to finreg to make it revenue neutral, so those fees had to be taken out of the finreg bill...

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