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February 27, 2003

Budget Simulation- You Balance the Budget

I've updated the National Budget Simulation with numbers from the new proposed 2004 Budget by the Bush Administration.

This simple simulation with graphic results should give you a better feel of the trade-offs which policy makers need to make in creating federal budgets and dealing with deficits. The National Budget Simulation was originally a project of UC-Berkeley's Center for Community Economic Research back in the mid-1990s (where I and my co-director Anders Scheiderman created it). I'm now hosting it at my site with updated numbers.

Jump to here for the short version and here for the long version.

Features of the new numbers include:
* Updated amounts for a range of budget categories
* Ways to adjust the budget for the potential costs of the Iraq war
* Options to cancel or increase the 2001 and 2003 tax cuts, including the option to increase or lower benefits for different income levels
* The ability to cut or expand "tax expenditures" (deductions/loopholes)

So check it out.

Posted by Nathan at February 27, 2003 01:16 PM

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