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The govenment should immediately stop its activities, sack all its staff, and raise all taxes. I guess they would have to retain some Revenue staff to collect the taxes.

While these steps would quickly correct a budget deficit they would totally wreck the economy. But the question did not require the state of the economy to be protected, nor for there to be a politically acceptable answer.

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13y ago
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6mo ago

A plan that combines spending cuts and revenue increases would most quickly correct a budget deficit worth 15 percent of total spending. By addressing both sides of the equation, it would help to immediately reduce spending and increase revenue. This balanced approach would have a quicker impact, allowing for a faster resolution of the deficit issue.

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Q: Which plan would most quickly correct a budget deficit worth 15 percent of total spending?
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