Time's Proposal Yes, It Can Be Done

If Congress does nothing further to curb Government outlays or boost taxes, the federal deficit will remain huge: a projected $128 billion in 1992. To close that gap, TIME proposes spending cuts over the next four years that would save $49 billion in 1992, along with tax and other revenue increases that would raise $79 billion.

CHART:

TOTAL REVENUE $1,260 billion, up $79 billion (The first number listed is the amount, in billions, of proposed revenue from various sources in 1992. The second number tells how much a reduction or addition the proposal represents, in comparison with what revenue would be...

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