The First Step – A Progressive Plan for Meaningful Deficit Reduction by 2015

Source: Michael Ettlinger, Michael Linden, Reece Rushing, Center for American Progress, December 6, 2010

In this paper we offer plans to take the first big step toward a fiscally sound budget–the step needed to get the federal budget into primary balance in 2015. Bringing total government revenues to equal total government spending, with the exception of interest payments on the national debt, is achievable and would pave the way for a federal budget on a sustainable, responsible, path.

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