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Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Jul 2017 |
Last Sign in: | 213 Weeks Ago, 5 Days Ago |
Questions Answered: | 15833 |
Tutorials Posted: | 15827 |
MBA,PHD, Juris Doctor
Strayer,Devery,Harvard University
Mar-1995 - Mar-2002
Manager Planning
WalMart
Mar-2001 - Feb-2009
Try your hand at stabilizing the U.S. debt by using Committee for a Responsible Federal Budget Simulation at http://crfb.org/stabilizethedebt/. Read through the "Intro" and click "Next" in order to follow the simulation instructions. Answer the following questions once you have completed the simulation:
1.Were you successful in stabilizing the U.S. debt? If not, how much of a deficit or surplus did you end up with? What does this exercise tell you about the process of creating a budget plan?
2.Reexamine the budget cuts or increases you made. What problems would such changes pose for a politician facing reelection?
3.This budget simulator allows you only to change spending and tax expenditures over a one-year period. This poses what problems to finding a realistic economic solution?
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