Balancing Federal Budget

Revenues (in millions of dollars)
Individual Income Taxes
Corporate Income Taxes
Social Insurance and Retirement Receipts
Excise Taxes

2011 Federal Budget

Don't use plagiarized sources. Get Your Custom Essay on
Balancing Federal Budget
Just from $13/Page
Order Essay

Your Budget



Expenditures (in millions of dollars)
050 National Defense
Total-Spending categories 150-450
500 Education
550 Health
570 Medicare
600 Income Security
650 Social Security
Total-Spending categories 700-950

2011 Federal Budget

Your Budget


I am going to raise the individual income tax which might anger people; however, I am lowering the excise taxes which is for gas, etc.
I am also raising corporate income taxes because big franchise companies can afford to give up some of their income to be able to give more elsewhere. I thought lowering the social insurance and retirement receipts was a good idea because there are programs and benefits that are already implemented into this and the extra money will be put in areas that do not have extra help and rely just on the money inflow. I increased the other category because since it incorporates multiple programs, the big increase will be spread across a lot of different programs, therefore, to each individual program it will not be a big increase.
I lowered the National Defense spending because since we won the war overseas, we are bringing more and more troops home and even though it is not “total peacetime,” we do not have to spend as much as the year before. I actually increased what is spend on education because that is very important to our country and the more educated people there are, the more jobs people will be able to get which in turn means they make more money then they would without education. This means that more money will increase the GDP and make the economy grow.
Unfortunately, I had to cut some spending in the health and medicare areas but there are programs and benefits that help these areas so it is not as much as a loss and the plain numbers show. I decreased social security because this government spending does not count towards the GDP which means it does nothing for the economy. These people can afford to take a minor pay cut in order for that money to be used in other areas that will help the economy grow. I decreased the income security because of the different acts such as The Employee Retirement Income Security Act of 1974 which protects these people in said programs.
The decrease in both total spending categories is appropriate, again, because they include multiple areas that already have benefits implemented in them. This means that a small decrease in many areas will give a bigger sum of money to be spent in other areas. In conclusion, the areas that need to be changed are the ones that will make the population spend more in our country to increase our GDP and in turn get our economy back on track. By doing this, we are getting our economy under control which will lead to it becoming easier to balance the federal budget.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Use the discount code "OFFNOW" today and get a 20% offOrder Now
Live Chat+1(978) 822-0999EmailWhatsApp