Week 6 Discussion 1: Presidential Advisor

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; ; ; ; ; ; ; ;This is a graded discussion: 25 points possible ;

; ; ; ; ; ; ; ; ; ; ; ; ; ;due Aug 18 ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; Week 6 Discussion 1: Presidential Advisor

;2 ; ; ; ; ;2 unread replies. ; ; ;2 ; ; ; ; ;2 replies. ; ; ; ; ; ; ; ; ;

Required Resources
Read/review the following resources for this activity: Textbook: Review Chapter 2, 3 (pp. 56-59), 13 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.

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.

Writing Requirements Minimum of 3 posts (1 initial & 2 follow-up) APA format for in-text citations and list of references

Grading
This activity will be graded using the Discussion Grading Rubric. Please review the following link: Link (webpage): Discussion Guidelines ;

Course Outcomes (CO): 7

Due Date for Initial Post: By 11:59 p.m. MT on Wednesday
Due Date for Follow-Up Posts: By 11:59 p.m. MT on Sunday