[Solved] What is your final plan to present to the president?

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TCO Assessed

Given an analysis of U.S. economic history, demonstrate the role that the economy plays within U.S. politics, and formulate an argument for expanding or cutting U.S. entitlement programs.

The Activity

  • Read the following scenario.

Over the past many years, there has been ongoing debate raging in Washington, D.C. regarding the U.S. federal budget. As the U.S. deficit increases, some argue that cutting government spending should be a key priority of our lawmakers. Others favor more gradual decreases, such as raising taxes or implementing a proposed freeze on discretionary spending. Either way, as an economic adviser to the President, you have been tasked with presenting a proposal that addresses how to fix a current budget gap of $300 billion dollars in an effort to appease both sides of this debate.

  • Using the budget below, decide what options you will suggest cutting or implementing for your presentation to the president. Remember that these actions must cover a budget gap of $300 billion.
  • Please keep in mind that these changes could seriously affect citizens’ daily lives. Also keep in mind people may be so angered by the changes that they will take action to prevent the president’s reelection, thus putting you out of a job.
Time Remaining:

 

Question 1.1. (TCO 7) What is your final plan to present to the president? What changes did you decide to implement? (Points : 5)

 

 

Question 2.2. (TCO 7) Please explain why you chose the options that you did. (Points : 5)

 

 

Question 3.3. (TCO 7) How will your decisions affect the elderly, the poor, the rich, and national security if implemented? (Points : 5)

 

 

Question 4.4. (TCO 7) Was covering the hypothetical budget gap more or less difficult than you expected? Please explain. (Points : 5)

 

 

Question 5.5. (TCO 7) Which of your decisions might be perceived as politically motivated? Why? (Points : 5)

 

 

Question 6.6. (TCO 7) What are the trade-offs of preserving some programs while protecting others? (Points : 5)

 

 

Question 7.7. (TCO 7) How do your decisions result in a marginal benefit to society so that they can outweigh the marginal cost to society? (Points : 5)

 

 

Question 8.8. (TCO 7) Did doing this exercise change your feelings about the budget debate in Washington? If so, how? If not, why not? (Points :

Yes. I understood that it is so difficult to choose what government program does cut or increase tax charges. I perceive how politically programmed the debate of this issue is. The rich and bank proprietors won’t bolster the higher expense on themselves. In this way they will need agent to talk on their behalf of them trusting that they don’t need to pay more.

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