HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Budget Chef Presents: How to Balance the Budget W/O Raising Taxes!

Views:997
@ReasonVids

Using only a big piece of pork, a large knife, and a small knife, the budget chef shows how to balance the federal budget by 2020.

As a special treat, he does it without raising taxes from the current Bush-era rates!

It seems like a complicated preparation at first, but it's so simple that almost any elected official should be able to pull it off like a pro!

Domestic and foreign investors will love this, and it will also help create a stable environment conducive to long-term, sustainable economic growth.

Between 2011 and 2020, the Congressional Budget Office estimates that total federal outlays - for defense, agriculture subsidies, Medicare, Social Security, you name it - will total a whopping $42.1 trillion (in 2010 dollars). To bring outlays down to revenue, we need to cut a total of $1.3 trillion in total expenditures over the next 10 years.

That sounds like a really tall order until you realize that it cutting just 3.6 percent a year for each of the next 10 years. To put it in dollar terms, it means cutting about $130 billion a year from budgets that will average over $4 trillion. That's not so hard now, is it? By making small, systematic cuts to a federal budget that is larded up with more fat than an Ponderosa buffet, we can balance the budget without even nicking essential services.

"Budget Chef" is written and produced by Jim Epstein, Josh Swain, Meredith Bragg, and Nick Gillespie (who also hosts). Approximately 2 minutes. Go to Reason.tv for downloadable versions and subscribe to Reason.tv's YouTube channel to get automatic notifications when new material goes live.

This video is based on "How to Balance the Budget Without Raising Taxes," by Nick Gillespie and Reason economics columnist Veronique de Rugy of the Mercatus Center.

This video is based on "How to Balance the Budget Without Raising Taxes," by Nick Gillespie and Reason economics columnist Veronique de Rugy of the Mercatus Center. Read that December 5, 2010 piece for detailed breakdowns of spending amounts: http://reason.com/archives/2010/12/05/how-to-balance-the-budget-with

reason.tv
,
reason.com
,
reason.org
,
reason magazine
,
reason foundation
,
libertarian
,
federal budget
,
government spending
,
budget commission
,
debt commission
,
balanced budget
,
deficits
,
fiscal responsibility
,
bush tax cuts
,
barack obama
,
jim epstein
,
josh swain
,
meredith bragg
,
nick gillespie
,
budget chef
,
bowles
,
simpson
    Thumbnail for Ayn Rand & The World She Made: Q&A with Anne Heller6:33
    Ayn Rand & The World She Made: Q&A with Anne Heller
    ReasonVids
    960 views
    Thumbnail for Stossel Confronts Politicians About Corruption Allegations6:51
    Stossel Confronts Politicians About Corruption Allegations
    ReasonVids
    847 views
    Thumbnail for Thats quite an admission ben0:40
    Thats quite an admission ben
    bestofvoatxyz
    552 views
    Thumbnail for Man On a Stroll With Bears0:25
    Man On a Stroll With Bears
    bestofupgoat
    428 views
    Thumbnail for We're Spending Too Much on Defense4:26
    We're Spending Too Much on Defense
    ReasonVids
    904 views
    Thumbnail for Anus_Expander just flew in from Africa, and boy are his arms tired1:21
    Anus_Expander just flew in from Africa, and boy are his arms tired
    bestofupgoat
    409 views
    Thumbnail for Enlightened Frog0:15
    Enlightened Frog
    bestofvoatxyz
    554 views
    Thumbnail for Donald Trump is 'Very Good at Losing Other People's Money'0:43
    Donald Trump is 'Very Good at Losing Other People's Money'
    ReasonVids
    867 views
    Thumbnail for Teach Your Children1:11
    Teach Your Children
    bestofvoatxyz
    492 views
    Thumbnail for SoulCalibur - Sega Dreamcast Review12:22
    SoulCalibur - Sega Dreamcast Review
    invidious
    54 views
    Thumbnail for World's Most Powerful Chainsaws Compilation10:20
    World's Most Powerful Chainsaws Compilation
    bestofvoatxyz
    2309 views
    Thumbnail for The Rule of Nobody: Saving America from Dead Laws and Broken Government - Q&A with Philip K. Howard46:55
    The Rule of Nobody: Saving America from Dead Laws and Broken Government - Q&A with Philip K. Howard
    ReasonVids
    948 views
    Thumbnail for The Star Wars Economy is Bigger Than You Think8:57
    The Star Wars Economy is Bigger Than You Think
    ReasonVids
    936 views
    Thumbnail for Gay wants some advice on a new pet it bought0:32
    Gay wants some advice on a new pet it bought
    bestofupgoat
    415 views
    Thumbnail for The Most Versatile Voltage Converter you never heard of! The (S)EPIC Converter | GreatScott!10:57
    The Most Versatile Voltage Converter you never heard of! The (S)EPIC Converter | GreatScott!
    invidious
    342 views
    Thumbnail for Why No One Has Measured The Speed Of Light | Veritasium19:05
    Why No One Has Measured The Speed Of Light | Veritasium
    science.topic
    83 views
    Thumbnail for The Great Gibson Guitar Raid: Months Later, Still No Charges Filed6:04
    The Great Gibson Guitar Raid: Months Later, Still No Charges Filed
    ReasonVids
    896 views
    Thumbnail for "I don't remember talking about masks at all"0:51
    "I don't remember talking about masks at all"
    AOUisgay
    423 views
    Thumbnail for 'March Against Monsanto' Anti-GMO Protest in Los Angeles5:03
    'March Against Monsanto' Anti-GMO Protest in Los Angeles
    ReasonVids
    872 views
    Thumbnail for Political Speech, Cellphone Searches, and the Future of TV: Three Supreme Court Cases to Watch4:26
    Political Speech, Cellphone Searches, and the Future of TV: Three Supreme Court Cases to Watch
    ReasonVids
    987 views
    Thumbnail for Cops seize $41,680 From INNOCENT Man. Wasn’t Charged With a Crime4:33
    Cops seize $41,680 From INNOCENT Man. Wasn’t Charged With a Crime
    IJvids
    1013 views
    Thumbnail for Madre de niño Damir responde al régimen cubano | Mario J. Pentón41:53
    Madre de niño Damir responde al régimen cubano | Mario J. Pentón
    invidious
    98 views
    Thumbnail for Disney Princess0:31
    Disney Princess
    bestofvoatxyz
    512 views
    Thumbnail for Ever notice how all modern Christmas songs have a certain annoying quality to them?4:20
    Ever notice how all modern Christmas songs have a certain annoying quality to them?
    bestofupgoat
    120 views
    Thumbnail for Don't Expect Millions To Die From Coronavirus, Says Richard Epstein38:11
    Don't Expect Millions To Die From Coronavirus, Says Richard Epstein
    ReasonVids
    891 views

points

Permalink
Reply
reason.tv
,
reason.com
,
reason.org
,
reason magazine
,
reason foundation
,
libertarian
,
federal budget
,
government spending
,
budget commission
,
debt commission
,
balanced budget
,
deficits
,
fiscal responsibility
,
bush tax cuts
,
barack obama
,
jim epstein
,
josh swain
,
meredith bragg
,
nick gillespie
,
budget chef
,
bowles
,
simpson
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle