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5. Consider zero-based funding requirements for government programs, where the budget for a particular government program reverts to zero if the new legislature fails to
5. Consider zero-based funding requirements for government programs, where the budget for a particular government program reverts to zero if the new legislature fails to pass a new funding bill. This is in contrast to the usual budgetary process where absent an explicit bill changing the budget, the program is funded at last year's budget, i.e., B = Bo > 0. Assume in your answer that preferences by all voters in the legislative body are single peaked over the single dimension of the budget, and that the proposer of a bill to fund the program wants the budget to be as large as possible, while the ideal point m for the median member of the legislature is near the center of possible budgets. a (a) Explain why such a zero-based funding requirement is unlikely to limit those proposers who want a larger budget than 0 0. Assume in your answer that preferences by all voters in the legislative body are single peaked over the single dimension of the budget, and that the proposer of a bill to fund the program wants the budget to be as large as possible, while the ideal point m for the median member of the legislature is near the center of possible budgets. a (a) Explain why such a zero-based funding requirement is unlikely to limit those proposers who want a larger budget than 0
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