THE NEW HOLISTIC RETIREMENT • 11 America can reduce our deficit in several ways, so let’s l t o h o e k at the options and their likelihood of addressing recent spending increases. • Reduce Government Spending — Tt hhee agmo voeurnnt mo fe nmt ocnaenyriet dsupceen tdhseeda ec bh tybeya rr.eWd uhci il ne g this sounds appealing in theory, in practice it is difficult for even the most fiscally committed President to achieve. That’s because the majority of U.S. sCpoenngdr ei ns gs ai snndotthde ePpreensdi deennt tocna nn ecwo nl tarwo sl . oMrabnidl l as t o r y gS oe cvue rr int my , eMnet ds ipceanr ed, i nMge—d iwc ahi idc, ha ni ndc li un dt eerse Ss ot coina l goof vt oetranl mg oevnet rdnemb te—n ti ss puesnudailnl yg me aocrhe yt heaanr . 6 0 p e r c e n t ⁹ What’s mT oodraey, ’tsh ve ont ae triso an rael aa ps kpientgi t ef ofro mr sopreengdoi vnegr ins ms ternotn g : ss pp ee nn dd i mn go, nneoyt . lAe sms e. Irni csaunms , mb ya rayn, dC ol anrggree, sl isklei kbeesnteof i t s pr eadi du cf ot iro bn yi ng ogvoevrenr mn me ne tn st ps epne dn idni gn.gSsoe, eamdsr,atmo amt iec, like an unlikely solution to our debt problem. • Quantitative Easing — The 2008 recession was t“ hq eu af inr tsitt at itmi v ee me aasni nygA. ”mEes rs iecnatni as l el yv, eqr uhaenatri tda tt hi vee t e r m eb aosrirnogwi smwohneeny , t ahne dg ot hveenr nt mh ee Fn et di sesruael sRbe os enrdvse t bo u y s ba pa cpkr ot ahcohs ei sbaoinmdesdi na tt ikme ee ps ionfgf iinnat enrcei as tl crrai st ei ss. lTohwi sb y ⁹ Tax Policy Center. May 202 2 . “Briefing Book: A Citizen’s Guide to the Fwaws cwi n. taatxi np og l (i cTyhcoeungt he rO. of rt ge n/ bCroi emf i pn lge-xb)o oE kl e/mh oe wn t-smouf ct hh -es pUeSnTdai nx gS-yusnt ceomn. t” rho tl tl apbs l: /e /
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