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CONSIDER THE FOLLOWING MEASURES TO REDUCE THE DEFICIT AND SHORE UP SOCIAL PROGRAMS RATHER THAN REDUCE THEIR BENEFITS

Created by N.D. on December 12, 2012

ELIMINATE BUSH TAX CUTS FOR PEOPLE EARNING OVER $250,000/year - $1T YEAR SAVINGS
ELIMINATE CONGRESS/SENATE LIFETIME BENEFITS BY 2014 - $9M YEAR
CUT SENATE/CONGRESS PAY BY 50% - $46.5M YEAR
RAISE CAPITAL GAINS TAX FOR PEOPLE EARNING OVER $250,000/year TO 35% - $71B YEAR SAVINGS
INSTITUTE A 1% TAX ON $1 QUADRILLION IN DERIVATIVE TRADES PER YEAR - $10 T YEAR
ELIMINATE ALL TAX BREAKS FOR SENDING JOBS OVERSEAS! - $30B YEAR SAVINGS
STOP OIL SUBSIDIES - $11B YEAR SAVINGS
REMOVE THE INCOME CAP ON SOCIAL SECURITY/MEDICARE/MEDICAID (TAX EVERY DOLLAR EARNED
PUT SS/MEDICARE/MEDICAID BACK IN THE LOCKBOX!

SET UP MEDICARE TO PAY WHOLESALE DRUG PRICES (not retail) - $20B YEAR SAVINGS
CUT THE DEFENSE BUDGET BY 50% - THE DEFENSE BUDGET CAN BE STREAMLINED, MADE MORE EFFICIENT - $380B YEAR SAVINGS

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