Evaluate each of the following proposals for reform in terms of the material discussed in this chapter:
Question:
(a) Linking all spending programs to visible tax hikes
(b) A balanced-budget amendment stipulating that Congress cannot spend more than total tax revenues
(c) A budgetary referendum process whereby the voters actually vote on the distribution of federal dollars to the different categories of spending (x percentage to agriculture, y percentage to national defense, etc.) instead of letting elected representatives decide.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a By linking all spending programs to a visible tax hike voters will be better able to see the cost ...View the full answer
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