Greg Mankiw's Blog: Give me $1 billion to cut the budget deficit

Greg Mankiw's Blog: Give me $1 billion to cut the budget deficit: "I have a plan to reduce the budget deficit. The essence of the plan is the federal government writing me a check for $1 billion. The plan will be financed by $3 billion of tax increases. According to my back-of-the envelope calculations, giving me that $1 billion will reduce the budget deficit by $2 billion."