Fiscal policy

User Generated

mknf

Economics

Description

Fiscal policy and politics are very much intertwined in the United States (and in other democracies). In your first paragraph in response to this prompt, discuss how fiscal policy in a democratic society (with, of course, elected officials in charge of fiscal policy) is likely to be conducted over time. Be sure to make specific references to taxation as well as government spending. In the second paragraph is response to this prompt, evaluate the argument that a balanced budget amendment to the US Constitution would be good idea. Then, discuss, with your classmates, whether or not a balanced budget amendment to the US Constitution would be good policy.

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Explanation & Answer

Here's the completed paper. If its ok you can clear the paper but I'll always be available to make amendments.

Running head: UNITED STATES FISCAL POLICY

U.S Fiscal Policy
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1

UNITED STATES FISCAL POLICY

2

Discuss how fiscal policy in a democratic society (with, of course, elected officials in charge of
fiscal policy) is likely to be conducted over time. Be sure to make specific references to
taxation as well as government spending.
Fiscal policy can be described as the measures by which the government controls the
economy through changes in the government spending and taxation levels. The economic
development of the country is the primary objective of every government. As a matter of fact,
one of the greatest divisions in the modern day politics in the United States is based on disputes
over the government spending and issues of taxation. Policy makers differ considerably on the
fiscal po...


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