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Economics: Proposal To Cut The Budget Deficit
Part 1 of Paper
....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
will shift, not greatly, to the right as the economy is slightly increased
throughout my proposal.
To accomplish thi.... Part 2 of Paper
....llion 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. Converting Medicaid to a
block grant in states would reduce the deficit by 54 billion, yet decrease
the economy. These tax increases will reduce the deficit by 223 billion,
and through the net tax multiplier (mpc/1-mpc while mpc = .25) the economy
will shrink at around 70 billion.
My increased spending shall .... |
| Number of words: 419 - Approximate pages: 2 |
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