Economics: Proposal To Cut The Budget Deficit
Beginning of paper
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
w ....
Middle of paper
.... curve to the
left, as money is taken away from the people. Imposing the Ad Valorem tax
on energy, increasing the average residential bills by $50 a year would
reduce the deficit by 25 billion, and shrink the economy 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. C ....
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Word count: 419
Page count: 2 (approximately 250 words per page)
