{"id":7738,"date":"2020-11-17T12:20:40","date_gmt":"2020-11-17T12:20:40","guid":{"rendered":"http:\/\/onlineclassesguru.com\/?p=7738"},"modified":"2020-11-17T12:20:40","modified_gmt":"2020-11-17T12:20:40","slug":"you-are-an-advisor-to-the-president-tasked-with-cutting-at-least-300-billion-from-the-budget","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2020\/11\/17\/you-are-an-advisor-to-the-president-tasked-with-cutting-at-least-300-billion-from-the-budget\/","title":{"rendered":"You are an advisor to the President tasked with cutting at least $300 billion from the budget"},"content":{"rendered":"<style type=\"text\/css\"><\/style><p>Lesson<br \/>\nAdditional scholarly sources you identify through your own research<\/p>\n<p>Initial Post Instructions<br \/>\nYou 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.<br \/>\nWelcome to Week 6 Discussion1! You may begin posting on Monday, December 2nd, 2019 for credit.<br \/>\nThink about the process you use to determine spending and cuts in your household. Multiply that by 330 million. As you are aware, the United States has a significant debt, approximately $22 trillion. Although we know that we cannot afford to continue down this path and that we must manage our spending, we continue the path towards more deficits and higher debt. Everyone wants cuts in spending, but not for their programs. As you complete this Discussion, evaluate how you would prepare the budget.<br \/>\nAlong with your textbook reading for the week, here is an additional reading to consider:<br \/>\nIntroduction to the Federal Budget Process. (2017).Center on Budget and Policy Priorities. Retrieved fromhttps:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;ved=2ahUKEwj1x7-etK3fAhVSSK0KHar7CFwQFjAAegQIBxAC&amp;url=https%3A%2F%2Fwww.cbpp.org%2Fsites%2Fdefault%2Ffiles%2Fatoms%2Ffiles%2F3-7-03bud.pdf&amp;usg=AOvVaw1w1ohlX5Ubcgwfugk58clC(Links to an external site.)Links to an external site.<br \/>\nNote: These are not true US budget numbers.<br \/>\nDOMESTIC PROGRAMS AND FOREIGN AID<br \/>\nCut some foreign aid to African countries<br \/>\n\u0080\u00af$17 billion<br \/>\nEliminate farm subsidies<br \/>\n\u0080\u00af$14 billion<br \/>\nCut pay of civilian federal workers by 5 percent<br \/>\n\u0080\u00af$14 billion<br \/>\nReduce the overall federal workforce by 10%<br \/>\n\u0080\u00af$12 billion<br \/>\nCut aid to states by 5%<br \/>\n\u0080\u00af$29 billion<br \/>\nMILITARY<br \/>\nCut the number of nuclear warheads, and end the \u201cStar Wars\u201d missile defense program<br \/>\n\u0080\u00af$19 billion<br \/>\nReduce military to pre-Iraq War size and further reduce troops in Asia and Europe<br \/>\n\u0080\u00af$25 billion<br \/>\nCancel or delay some weapons programs<br \/>\n\u0080\u00af$19 billion<br \/>\nHEALTHCARE<br \/>\nEnact medical malpractice reform by reducing the chances of large malpractice verdicts<br \/>\n\u0080\u00af$ 8 billion<br \/>\nIncrease the Medicare eligibility age to 68<br \/>\n\u0080\u00af$ 8 billion<br \/>\nRaise the Social Security retirement age to 68.<br \/>\n\u0080\u00af$ 13 billion<br \/>\nEXISTING TAXES<br \/>\nReturn the estate tax to Clinton-era levels, passing on an estate worth more than $1 million to their heirs would have portions of those estates taxed.<br \/>\n\u0080\u00af$ 50 billion<br \/>\nEnd tax cuts for income above $250,000 a year<br \/>\n\u0080\u00af$ 54 billion<br \/>\nEnd tax cuts for income below $250,000 a year<br \/>\n\u0080\u00af$ 172 billion<br \/>\nPayroll tax increase for people making over $106,000 annually contributing more to Social Security and Medicare.<br \/>\n\u0080\u00af$ 50 billion<br \/>\nNEW TAXES<br \/>\nInstitute a Millionaire\u2019s tax on income above $1 million<br \/>\n\u0080\u00af$ 50 billion<br \/>\nAdd a national 5% sales tax<br \/>\n\u0080\u00af$ 41 billion<br \/>\nAdd a tax on carbon emissions<br \/>\n\u0080\u00af$ 40 billion<br \/>\nTax banks based on their sizes and the amount of risk they take.<br \/>\n\u0080\u00af$ 73 billion<br \/>\nTotal gap covered by your budget plan<br \/>\n$_________________<br \/>\nUse evidence (cite sources) to support your response from assigned readings or online lessons, and at least one outside scholarly source.<\/p>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>Lesson Additional scholarly sources you identify through your own research 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. Welcome to Week 6 Discussion1! You may begin&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7738","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>You are an advisor to the President tasked with cutting at least $300 billion from the budget - onlineclassesguru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/onlineclassesguru.com\/index.php\/2020\/11\/17\/you-are-an-advisor-to-the-president-tasked-with-cutting-at-least-300-billion-from-the-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You are an advisor to the President tasked with cutting at least $300 billion from the budget - onlineclassesguru\" \/>\n<meta property=\"og:description\" content=\"Lesson Additional scholarly sources you identify through your own research Initial Post Instructions You are an advisor to the President tasked with cutting at least $300 billion from the budget. 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