Reference no: EM133132735

ECONOMIC POLICY BRIEF

Apply the May, Can, Should model to analyze a specific U.S. economic or budgetary policy. 

May

1. Application of the Biblical principles -  by Explaining the following Biblical concepts and describing how each contributes to what the Bible says about the role of government: such as Inalienable rights and Natural law?
2. How does it meet natural law, inalienable rights, federalism, etc.?Constitutional authority - what is the Constitutional authority for the federal government to get involved? Avoid the use of the General Welfare clause.

Can

1. Political feasibility - what is the likelihood that the policy will become law? What is the 
   political and social support for the policy?
2. Financial feasibility - what is the policy expected to do to the national debt or spending? 
   For example, the new COVID stimulus just put us another $2 trillion in debt but was widely 
   supported by both politicians and the public.
3. Practical feasibility - what are the logistical resources needed for implementation 
   (buildings, personnel, new programs, etc.) ?
4. What are the steps for implementation (ex; the Affordable Care Act required functional websites to be implemented; the lack of these created severe problems with implementation)?

Should

1. Relate this to specific Biblical and Constitutional authorities and discuss whether or 
   not the policy should be supported based on this and the feasibility of implementation?
2. What is The goal to analyze an economical approach to determine if critically objectively the federal government should be legitimately involved in the policy being discussed and if the policy is suitable for the country?
3. Be certain to emphasize a focused analysis of a particular federal policy (either already implemented or proposed) chosen from the policy concentration area.

Please also provide five scholarly sources focused on the problem and the piece of legislation.

References link:

Kraft, M. E., Furlong, S. R. (2019). Public Policy, 7th Edition. [[VitalSource Bookshelf version]]. Retrieved from vbk://9781544374598

www.govtrack.us 

www.cbo.gov.