One cent.
That’s how much a cut from each dollar the federal government spends that it would take to balance the budget in five to six years, says the leader of a group taking on the issue.
“We can’t miss this window of opportunity,” said Bruce Cook, chief executive of the nonprofit group Citizens for Restoring America’s Financial Future. “This window is going to close.”
The Atlanta business owner met Thursday with about 20 Chattanooga business and professional leaders to make the case for the group’s proposal.
“It affects every single family,” Cook said about the impact of the exploding budget deficit, which analysts earlier this week estimated would reach a new high of nearly $1.5 trillion in 2011. That’s up from $1.29 trillion in 2010.