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This is a graded discussion: 25 points possible
due Aug 18
2 2 unread replies. 2 2 replies.
Read/review the following resources for this activity:
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
Eliminate farm subsidies
Cut pay of civilian federal workers by 5 percent
Reduce the overall federal workforce by 10%
Cut aid to states by 5%
Cut the number of nuclear warheads, and end the “Star Wars” missile defense program
Reduce military to pre-Iraq War size and further reduce troops in Asia and Europe
Cancel or delay some weapons programs
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
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
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.
This activity will be graded using the Discussion Grading Rubric. Please review the following link:
Course Outcomes (CO): 7
Due Date for Initial Post: By 11:59 p.m. MT on Wednesday
Due Date for Follow-Up Posts: By 11:59 p.m. MT on Sunday
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