In yesterday's Boston Globe Columnist Scot Lehigh told us about a simulation that allows one to take a whack at the Federal Budget and the Federal Deficit. Granted, it is a very limited tool, but it does give us a chance to consider alternatives. I would like to see something along these lines for the Commonwealth's budget.
Here is the budget simulator for you to play with.
I have played with it and the fact is that serious cuts need to be made. Big, serious cuts. And people need to work longer. And Social Security tax needs to extend further into the work year for higher earning employees.
Give it a try and then post your comments.
And thank you to Scot Lehigh. (His EMail is email@example.com.)
Regards — Cliff