Have you read any good books lately? <a href=" http://cascadeicewater.com/blog/write-my-paper-in-hours/ ">how to write a essay</a> To shrink the debt back down to historic levels – under 40 percent of the economy – Congress would have to raise taxes or cut spending by roughly $4 trillion over the next decade, the CBO said. That means enacting savings worth 2 percent of the economy for each of the next 25 years, or $350 billion in 2014.