What recommendations have been made to bring deficit spending under control? Which of the proposals do you think holds the most promise? Explain your rationale
What will be an ideal response?
Answer:
An ideal response will:
1. Examine the various deficit-spending-control measures that have been put forth.
2. Analyze the potential of each, noting that government must curtail spending, or taxes must be increased, or both. However, very few politicians are willing to accept responsibility for setting forth specific spending reductions or tax increases. Possible choices include: reducing federal employment; raising the retirement age to collect Social Security; health care restrictions; altering the tax code to eliminate loopholes and promote corporate investment; and reducing defense spending and earmarks by Congress.
3. Offer a conclusion naming the most promising deficit-spending-control measure or measures, and describing why the student thinks they are so.
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