A Progressive (and realistic) Plan for Meaningful Deficit Reduction by 2015

[JohnWxy]

Center for American Progress: http://www.americanprogress.org/issues/2010/12/first_step.html

After balancing the needs of the country and the range of divergent views on the path forward, the 50-50 plan represents the most reasonable compromise. Under this plan, spending would be 22.7 percent of GDP, down from 24.8 percent of GDP in fiscal year 2010, and revenue would be 19.8 percent of GDP, still lower than the 20.6 percent of GDP raised at the end of the Clinton administration.

..far too much here to attempt pasting excerpts. __JW