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Economics: Proposal To Cut The Budget Deficit - Example Papers

Economics: Proposal To Cut The Budget Deficit



The federal budget is an explosive problem which if not acted upon soon,
threatens to swallow the entire domestic income. I have placed together
several decisions that create a minimal impact upon the economy, yet reduce
the federal budget deficit by 2/3s. The aggregate demand curve ultimately
will shift, not greatly, to the right as the economy is slightly increased
throughout my proposal.

To accomplish this feat, the plan to be presented to Congress in
January will consist of many revenue increases and some spending increases
and decreases. This plan will not decrease the entire deficit to a
positive budget because the impacts of that kind of change could severly
cripple the ...

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by 4 billion.
Making all entitlements subject to income tax would reduce the deficit by
74 billion and shrink the economy by 24.66 billion. Basing Medicare
payments on cost of managed care plans would reduce the deficit by 70
billion, and shrink the economy by 23.33 billion. Converting Medicaid to a
block grant in states would reduce the deficit by 54 billion, yet decrease
the economy. These tax increases will reduce the deficit by 223 billion,
and through the net tax multiplier (mpc/1-mpc while mpc = .25) the economy
will shrink at around 70 billion.

My increased spending shall position the aggregate demand curve back to
its origional place then move it a tiny fraction to the right, as marginal
growth would be accomplished through this entire plan. Increasing defenses
3% in 2002 would increase the deficit by 44 billion, and expand the economy
58.66 billion. Increasing domestic discretionary spending would increase
the deficit by 9 billion, and expand the economy by 12 ...

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Economics: Proposal To Cut The Budget Deficit. (2007, September 7). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Economics-Proposal-To-Cut-Budget-Deficit/70803
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"Economics: Proposal To Cut The Budget Deficit." Essayworld.com. September 7, 2007. Accessed November 23, 2024. http://www.essayworld.com/essays/Economics-Proposal-To-Cut-Budget-Deficit/70803.
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PAPER DETAILS
Added: 9/7/2007 07:40:24 AM
Category: Economics
Type: Free Paper
Words: 419
Pages: 2

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