Economics: Proposal to Cut the Budget Deficit The federal budget is an explosive problem which if not acted upon soon, threatens to swallow the 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 this feat, the plan to be presented to Congress in January will consist of many revenue increases and some spending increases and decreases. This plan will not decrease the entire deficit to a positive budget because the impacts of that kind of change could severly cripple the economy. Taxes must be raised, yet to offset the taxes, some spending must be spent to help profit the ec....

Number Of Pages: 2

Number Of Words: 440

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