USA budget
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. Submit your recommendations and your reasoning for such recommendations using these guidelines:
– Use evidence (cite sources) to support your recommendations from assigned readings or online lessons, and at least one outside scholarly source.
– Use the format provided below to present your numbers and totals followed by an explanation below the chart.
– Please note that these are not true US budget numbers, but are reasonable hypothetical numbers to help us consider the budget processes complexities.
Sample Solution
I suggest 10 areas to for spending cuts to contain our most treacherous domestic problem, the federal government’s rapidly growing budget deficit and national debt (Edwards, 2019). First, I propose to reduce funding for Social Security. This could not only give Congress the leeway to raise the retirement age but also switch the indexing of initial benefits from wages to prices to slow growth, while also reforming disability insurance to encourage work. Similarly, Medicare spending should be reduced and Congress is expected to increase premiums and cost‐sharing while moving to a system of vouchers to encourage competition and cost control.
