How I balanced the Federal Budget for 30 years, WITH a 790 billion dollar surplus.

NY Times Nov. 13, 2010

2015 shortfall    418 billion( projected )

2030 shortfall  1,345 billion

The first figure below is the savings after 15 years, the second the savings after 30 years.

Foreign & domestic cuts

  17 billion  17 billion  foreign aid

14 bill.      14 bill.      no earmarks allowed

14 bill.       14 bill.     no farm subsidies

14 bill.        14 bill.    federal workers 5% pay cut

10 bill.         10 bill.   reduce federal workforce 10 %

17 bill.         17 bill.    cut 250,00 gov't contractors

30 bill.         30 bill     various other federal gov't.

29 bill.         29 bill.     cut aid to states by 5 %

Military cuts

19 billion       38 bill.    reduce nuclear arsenal and space program

25 bill.           49 billion reduce military to pre-Iraq war size, also Asia, Euro.         

19 bill.           24 bill.      reduce Navy, Air Force fleets

23 bill.           51 bill.      reduce non-combat comp. and overhead

Foreign troop levels

             86 bill.          169 bill. reduce Afghan and Iraq to 30,000 troops

Health Care

8 bill. 13 bill.  enact medical malpractice reform

8 bill.               56 bill.  increase medicare age to 68

  6 billion 54 bill. reduce SS benefits to high income client

Estate taxes

50 billion 104 bill.  return estate taxes to Clinton-era levels

Investment taxes( all tax increases )

32 billion 46 bill. return rates to Clinton era

54 billion 115 billion allow expiration of Bush tax cuts if income 250K +

50 billion 100 bill. subject income over $106K to payroll tax

50 billion        95 bill.  enact Millionaire's tax over $1 million income

136 billion 315 bill. eliminate loopholes

40 billion 71 bill.  carbon tax, new

73 billion 103 bill. Bank Tax, new

The deficit has now been eliminated for 30 years !  Cuts crush the 1,345 billion deficit!

AND guess what?  There is a 790 billion dollar surplus!  Hooray!