Architecture Economics Questions Discussion Assignment Looking At Term Paper

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Architecture Economics Questions Discussion Assignment

Looking at the major spending categories, and delving into detail as you can, identify spending areas that you think could be cut if there were a need to reduce the deficit or control inflation.

In terms of cutting the deficit, it is worth reiterating that no spending cuts are politically popular, even for deficit-hating conservatives. However, given the current state of affairs in Iraq, it would seem that the areas least open to potential cuts are those for the Department of Defense and Department of State and International Assistance. The best available options might be to cut departments and agencies of which,...

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These might include he Department of Education, Housing and Human Development, and Environmental Protection Agency. However, these departments have relatively small budgets. Thus, another potential option might be cutting some of the farm subsidizes and revenue of the Department of Agriculture, although given the recent mad cow scare, such cuts would still cause political uprisings in many quarters, fearing that research into potential safety measure might be compromised.
Would your choices be different if inflation control were the goal, rather than deficit reduction?

To reduce inflation as well as cut…

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