Evaluate each of the following proposals for reform in terms of the material discussed in this chapter:

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Evaluate each of the following proposals for reform in terms of the material discussed in this chapter:

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.

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Macroeconomics

ISBN: 9781337617390

13th Edition

Authors: Roger A. Arnold

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