Discuss actions taken by congress to reduce budget deficits

Assignment Help Macroeconomics
Reference no: EM131839969

Assignment

The rapid growth of the national debt alarmed some politicians and created pressure for restricting Congress's unlimited ability to spend. After reviewing Chapter 10, Section 10.2: Efforts to Reduce the Deficit, discuss the actions taken by Congress since 1985 to reduce the budget deficits.

Use scholarly sources to support the current debate between the White House and Congress regarding what measures are necessary to address spending and revenues (e.g., news reports, official statements, press conferences, as well as numerous government websites).

Write a two- to three-page paper (not including title and reference pages), using at least three scholarly sources, including the textbook. The paper must be formatted according to APA style.

Suggested references:
Congressional Budget Office cbo gov
Internal Revenue Service: irs gov
The Executive Office of the President: whitehouse gov

1. Must be two to three double-spaced pages in length and formatted according to APA style.

2. Must include a title page with the following:

1. Title of paper
2. Student's name
3. Course name and number
4. Instructor's name
5. Date submitted

3. Must include an introductory paragraph with a succinct thesis statement.

4. Must address the topic of the paper with critical thought.

5. Must conclude with a restatement of the thesis and a conclusion paragraph.

6. Must use at least three scholarly sources, including the textbook. One reference must come from the University Library.

7. Must use APA style as outlined in your approved style guide to document all sources.

8. Must include, on the final page, a reference List that is completed according to APA style.

Reference no: EM131839969

Questions Cloud

Most important managerial function : In Chapter 7, we learned that planning is the "most important managerial function." As a nurse supervisor at the local hospital
Explain how the learning process will be useful : Explain how this learning process will be useful to you Consider: In what ways might this learning experience serve you in: - course - program.
Preventable diseases infections and conditions : Identify and select 2 things: (1) A health problem in the US Health Care sector from the list below.
Exchange rate between dollar and euro : Suppose one year later, the market exchange rate exchange rate between US dollar and Euro is 1.20 Dollars per Euro.
Discuss actions taken by congress to reduce budget deficits : The rapid growth of the national debt alarmed some politicians. Discuss the actions taken by Congress since 1985 to reduce the budget deficits.
Estimate the costs for the resources : The project for the company offsite 2-day training session has been given a preliminary go-ahead. However, a budget needs to be submitted for approval.
What is the company operating cash flow : A company has earnings before interest and taxes of $671,551, a tax rate of 34%, What is the company’s operating cash flow?
Intentional and unintentional injuries : What factors influence an individual's risk of an accident? What can be done to reduce a person's susceptibility to each of these factors?
Position on vaccine-preventable diseases : Analyze TN state's position on vaccine-preventable diseases and then give your opinion on whether or not you agree with your TN state's position.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd