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.
Microeconomics
Microeconomics
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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