I need an explanation for this Political Science question to help me study.
Required Resources
Read/review the following resources for this activity:
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 AID | Cut 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 |
| MILITARY | Cut 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 | ?$19 billion |
| HEALTHCARE | Enact medical malpractice reform by reducing the chances of large malpractice verdicts | ?$ 8 billion |
| ? | Increase the Medicare eligibility age to 68 | ?$ 8 billion |
| ? | Raise the Social Security retirement age to 68. | ?$ 13 billion |
| EXISTING TAXES | Return 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 TAXES | Institute 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.
Follow-Up Post Instructions
Respond to at least two peers or one peer and the instructor. Further the dialogue by providing more information and clarification. Minimum of 1 scholarly source, which can include your textbook or assigned readings or may be from your additional scholarly research.
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