Poli 330N Week 6 Discussion 1: Presidential Advisor

Poli 330N Week 6 Discussion 1: Presidential Advisor

  

Poli 330N Week 6 Discussion 1: Presidential Advisor

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

  • Textbook: Review Chapters 2, 3 (pgs 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 AIDCut 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
MILITARYCut 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
HEALTHCAREEnact 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 TAXESReturn 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 TAXESInstitute 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.

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