Comment Re:Try some numbers... (Score 1) 911
You're not accounting for inflation. Also, your own source gives a 1990 budget of 1.2 trillion, not 1.1 (1.1 was for '88 and '89). Depending on how you calculate the value of the dollar over time, a dollar in 1990 is worth between $1.57 and $2.60 now, so that means to pay for 1990 equivalent spending, the gov't would require 1.884-3.12 trillion dollars in revenues to avoid a deficit (with the revenue figures you provide, we'd run a deficit of at least 0.7 trillion, or as much as 2 trillion; your source claims the 2012 deficit is 1.3 trillion.
Of course, this also assumes that all costs remain the same. We have a lot more people retired and retiring in the near future than we did in 1990, thanks to the baby boomers. Social security and Medicare (even without the post-1990 expansions to Medicare) are a huge part of the budget; the latter has significantly outpaced inflation. The only way to bring them back to 1990 era spending would be to dramatically cut benefits and/or reduce eligibility (e.g. by raising the eligibility age, refusing to cover specific treatments, etc.)
In summary:
- If your only error was the spending from 1990, then there would be a deficit (albeit a small one)
- Paying attention to inflation, dropping the income tax and magically rolling back the government 22 years would leave us with a deficit in roughly the same range as we have to day (0.7-2 trillion in your proposed scenario, 1.3 trillion being the actual figure)
- And lastly, we address magical thinking. Unless you're suggesting we move to single payer, not-for-profit health care or apply strict rationing, we can't undo 22 years of increasing medical costs (even in those scenarios, I doubt we could undo all of it). And we can't magically undo the post-WWII population bulge at all. So returning to 1990 era spending would also mean turning Social Security into a program that provides no security at all, cutting Medicare to the bone, or raising the minimum retirement age into the 70s.
Yes, that all sounds like a perfectly rational solution that is eminently possible to sell to the American people...