You are an advisor to the President tasked with cutting at least $300  billion from the budget. The president wants your recommendations to  cut lines, not large categories. Explain why you chose those cuts.

               Press the comma key or shift + question mark to see a list of keyboard shortcuts

This is a graded discussion: 25 points possible

             due Aug 18           

Week 6 Discussion 1: Presidential Advisor

2      2 unread replies.    2      2 replies.

Required Resources
Read/review the following resources for this activity:

  • Textbook: Review Chapter 2, 3 (pp. 56-59), 13
  • Lesson
  • Additional scholarly sources you identify through your own research

Initial Post Instructions

You are an advisor to the President tasked with cutting at least $300  billion from the budget. The president wants your recommendations to  cut lines, not large categories. Explain why you chose those cuts.

Note: These are not true US budget numbers.

 

DOMESTIC PROGRAMS AND FOREIGN AID

Cut some foreign aid to African countries

$17 billion

 

Eliminate farm subsidies

$14 billion

 

Cut pay of civilian federal workers by 5 percent

$14 billion

 

Reduce the overall federal workforce by 10%

$12 billion

 

Cut aid to states by 5%

$29 billion

 

MILITARY

Cut the number of nuclear warheads, and end the “Star Wars” missile defense program

$19 billion

 

Reduce military to pre-Iraq War size and further reduce troops in Asia and Europe

$25 billion

 

Cancel or delay some weapons programs

$19 billion

 

HEALTHCARE

Enact medical malpractice reform by reducing the chances of large malpractice verdicts

$ 8 billion

 

Increase the Medicare eligibility age to 68

$ 8 billion

 

Raise the Social Security retirement age to 68.

$ 13 billion

 

EXISTING TAXES

Return the estate tax to Clinton-era levels, passing on an estate  worth more than $1 million to their heirs would have portions of those  estates taxed.

$ 50 billion

 

End tax cuts for income above $250,000 a year

$ 54 billion

 

End tax cuts for income below $250,000 a year

$ 172 billion

 

Payroll tax increase for people making over $106,000 annually contributing more to Social Security and Medicare.

$ 50 billion

 

NEW TAXES

Institute a Millionaire’s tax on income above $1 million

$ 50 billion

 

Add a national 5% sales tax

$ 41 billion

 

Add a tax on carbon emissions

$ 40 billion

 

Tax banks based on their sizes and the amount of risk they take.

$ 73 billion

 

Total gap covered by your budget plan

$_________________

Use evidence (cite sources) to support your response from assigned  readings or online lessons, and at least one outside scholarly source.

Follow-Up Post Instructions
Respond to at least  two peers or one peer and the instructor. Further the dialogue by  providing more information and clarification. Minimum of 1 scholarly  source, which can include your textbook or assigned readings or may be  from your additional scholarly research.

Writing Requirements

  • Minimum of 3 posts (1 initial & 2 follow-up)
  • APA format for in-text citations and list of references

Grading
This activity will be graded using the Discussion Grading Rubric. Please review the following link:

Course Outcomes (CO): 7

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"