This volume presents 115 options that would decrease federal spending or increase federal revenues over the next decade. The federal budget deficit in fiscal year (FY) 2016 totaled $587 billion or 3.2 percent (%) of gross domestic product (GDP), up 2.5 percent (%) in year 2015. The options cover many areas ranging from defense to energy, Social Security and provisions of the tax code. This edition reports the estimated budgetary effects of various options and highlights some of the advantages and disadvantages of those options. Students pursuing research for economic coursework in high school, community college, and university levels may be interested in this vision presented by the Congressional Budget Office, Additionally, economists, federal budget analysts, political science scholars, financial planners, and lawmakers may be interested in this official resource. Related products: Other products produced by the U.S. Congressional Budget Office (CBO) are available here: https: //bookstore.gpo.gov/agency/237Economic Policy resources collection can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-policyEconomic Development publications are available here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-development

This is a print on demand edition of a hard to find publication. Restoring America¿s economic health will require dealing with our federal budget deficit over the long term. Reducing that deficit will require reducing the projected level of defense spending over the next 5 years. The defense budget can and should be reduced without harming national security for 3 reasons: (1) The portion of the world¿s military expend. the U.S. consumes compared to our potential adversaries has grown from 60% to 250%, so even if the U.S. were to cut its spending in half it would still be spending more than its adversaries; (2) The global security environment has changed, so we can reduce the overall size and deployment posture of our armed forces; (3) Significant tech. advances make our fighting forces far more efficient than even in the near past.

Briefly surveys more than two centures of American political history to describe how the country has been broken spiritually, politically and financially and advocates a return to core values to restore America's economic and spiritual health.