Question
President's Trump Budget for the Fiscal Year 2021 was released earlier this month. This provides us an opportunity to have a meaningful debate over what
President's Trump Budget for the Fiscal Year 2021 was released earlier this month. This provides us an opportunity to have a meaningful debate over what should be funded and cut in the budget, and what to d0 about the national debt. Many topics are politically debated each year around passing the budget. Among them is the solvency of social security, the increasing cost of medical care, military spending, and taxes, to name a few. Please read through the following article and cross check with the president's budget.
Pick one area in the budget, whether social security, defense, environmental protection, whatever your interest may be. Research the topic and make an economic argument for why and how much it should be funded in the budget. As part of your argument, if you recommend an increase in budget allocation, please add in where you would take money from (at the expense of what other item in the budget).
Finally, what would be a reasonable way to deal with the national debt? Is there a politically viable way to "get out of debt"?
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