Fiscal Policy

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Economics

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This is a homework game. you should follow all directions on the attached file and answer the 6 questions. Also, attach a screenshot of the final score. My name is Aziz

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Fiscal Ship Discussion Post Introduction In the Fiscal Ship Post (25 Points) you are challenged to choose strategies to keep the federal debt in check. The Fiscal Ship is a game in which your mission is to decide on taxes, spending options, and policy values to set the budget. To win the game, you need to find a combination of government policies that puts the federal budget--and The Fiscal Ship-on a sustainable course. Your Fiscal Ship Post (30 points) is due by Sunday, December 9 on the Blackboard Discussion Board. No replies are necessary for this post. The Fiscal Ship challenges students to put the federal budget on a sustainable course and grapple with the complexity of federal budget choices. The creators of the game provide the following context for the game: • Measured as a share of gross domestic product, the federal debt is higher than at any time since the end of World War II and projected to climb to unprecedented levels. America is looking at a permanent, growing mismatch between revenues and spending, and policymakers are faced with difficult decisions about how to reconcile important government priorities—including retirement and health benefits promised to the increasing number of elderly people—with the tax revenues that the current tax code will yield. Today’s tax code won’t yield enough revenue to pay for basic services of government plus the retirement and health benefits promised to the growing number of old folks. So your mission is to pick from a menu of tax and spending options to reduce the debt from projected levels over the next 25 years. Small changes to spending and taxes won’t suffice. The choices are difficult, but the goal is achievable. • But budget decisions aren’t only about fiscal sustainability. They also shape the kind of country we live in. To win the game, you need to find a combination of policies that match your values and priorities AND set the budget on a sustainable course. • I would strongly encourage you to play the game several times over several days so that you become familiar with the logistics of playing and the policy options that are available. The Fiscal Ship website also includes helpful About and Frequently Asked Questions sections. Preparing to play The Fiscal Ship: https://fiscalship.org/ 1 • • Read Chapter 17 on Government Budgets and Fiscal Policy and Chapter 18 on the Impacts of Government Borrowing. “What you need to know to play The Fiscal Ship game”: Brookings Institution Senior Fellow Louise Sheiner introduces you to the Fiscal Ship, an award-winning game that challenges you to pick from a menu of tax and spending options to reduce the debt: https://youtu.be/DJevd4WFJL8 • The Fiscal Ship – video teaser • The Fiscal Ship – About the game • The Fiscal Ship – Frequently Asked Questions • U, S. Debt Clock: http://www.usdebtclock.org/ Playing the Fiscal Ship: https://fiscalship.org/ While playing the Fiscal Ship you need to captain the U.S.S. Federal Budget to avoid the stormy seas of debt. Your mission is to pick from a menu of tax and spending options to reduce the debt from projected levels over the next 25 years and keep the debt level no higher than it is today. To win the game, you need to find a combination of policies that match your values and priorities AND set the budget on a sustainable course. Before you begin the game, you’ll select your governing goals. The goals are your aspirations and values – the ones that shape the kind of country we live in. You can pick up to three. I suggest that you pick two goals if you want to keep the debt level relative to GDP no higher than it is today. You can find a convenient list of the governing goals at the end of this document. Making your Fiscal Ship Post After choosing your goals and playing the Fiscal Ship you are ready to complete your Fiscal Ship post. In your post address the following questions: Questions to answer in your post thread: 1. Which governing goals did you choose? Why did you choose these goals? 2. How difficult was it to pursue your goals while also hitting the debt target? Which of your goals were most difficult to achieve? Why? 2 3. How many policy choices did you play? Did you achieve the target debt level? Which of your policy choices had the largest impact on your fiscal target? Which of your policy choices had the biggest effect on revenue? Which of your policy choices had the biggest effect on spending? Which barely moved the line? Were you surprised by the magnitude of any policy choices? Extra consideration will be given if your plan is “approved.” 4. What do you think the political obstacles would be to hitting the debt target? 5. Did the game make you reevaluate your initial governing goals? 6. How should the federal government set the budget on a sustainable course in the next 25 years? Utilizing economic reasoning explain how you would “fix” the Federal Budget, and discuss your views regarding future budget tradeoffs. Where would you make major cuts and why? For example: Should additional tax revenue be used to reduce federal borrowing? Should the federal government invest more in research and development? How should we secure Social Security and Medicare for future generations? Should we increase or decrease national security funding in the years ahead? Attach a summary/screenshot of your results: My Plan from the Fiscal Ship to your post with your name clearly visible. See the examples at the end of this document. Extra consideration will be given if your plan is “Approved.” You can take cell phone pics of your results, and collect them in a Word or PDF file if you like. Make sure to check to see that your post is viewable within a thread. Your results can be attached as a reply. You are responsible for checking to make sure that your post is visible on Canvas. You are responsible for double checking to make sure that your post is visible to all within a thread and that your results are posted. Grading Rubric: 1) Clarity and conciseness of writing; 2) Correct application of course concepts; 3) Critical thinking - did you back up your normative views with economic reasoning. Late submission of Discussion Board posts will be penalized by at least a ten percent point reduction for each day that the post is late. Cite Your Sources: Cite any and all outside sources, including blogs and websites, so that they can be found easily by other readers. The APA style of citation is recommended although the MLA & Chicago styles are acceptable also. Include a references (works cited) list for all of your 3 sources. Provide a hyperlink for all information from the internet so that the reader can find the article/post quickly on the web. The Fiscal Ship Governing Goals Governing goals represent your priorities for government. What’s important to you? In order to play the game, you will need to pick up to three governing goals from the list below. • • • • • • • Reduce Inequality: The disparity between Americans who have the most and the least income is growing, mirrored by disparities in education, health, and family structure. You want to narrow the widening gaps in incomes and well-being at the top and the bottom. Strengthen National Defense: Projections of current policies show defense spending, measured as a share of the economy, falling over the next decade and then plateauing. You’d bolster the U.S. military by providing it with more personnel and more arms. (To reach fiscal sustainability, you’ll have to pay for these somehow.) Fight Climate Change: You want to use government policies to promote a cleaner, healthier environment, reduce greenhouse gas emissions and avoid the damage that could be caused by global climate change. Strengthen Social Safety Net: You believe it’s important for the federal government to give a hand up to those in poverty and protect those at risk of falling down the income ladder when times are tough. You want to expand and protect programs that protect the vulnerable. Tax Cutter: You believe lower taxes will boost economic growth and want to allow Americans to keep more of what they earn. Your goal is to substantially reduce federal tax revenues as a share of the economy. (To reach fiscal sustainability, you’ll have to cut spending, too.) Shrink Government: You believe that we’re better off with a leaner federal government, shifting responsibilities to the private, non-profit and state and local sectors. Spending on general government operations and federal programs (other than health and retirement benefits) is projected under current policy to decline over the next decade. You’d reduce it more. Shield the Elderly: Under current policy, about 60% of the increase in federal spending over the next decade will go to Social Security, Medicare, Medicaid and other major health programs, much of that 4 • • • • for the growing number of people who will be over age 65. You want to protect benefits for senior citizens. Invest in the Future: You believe in planting seeds today that will be harvested in years to come. You want policies to increase, above what’s currently projected, government and private investment in children and young adults and in education, infrastructure and research that will pay off in the future. (To reach fiscal sustainability, you’ll have to pay for these somehow.) Fiscal Hawk: You’re not satisfied with restraining the projected increase in the federal debt so that in 25 years it’s roughly where it is today, measured as a share of the overall economy. To put the government and the economy on a sounder footing, you want to reduce it substantially below today’s levels. Rein in Entitlements: Spending on retirement, health and other government benefits, much of that for the elderly, account for twothirds of non-interest spending today and threaten to squeeze out spending on everything else—from equipping soldiers with modern gear to repairing old bridges to pursuing cures for cancer. You want to restrain this spending to make room for other priorities. President Trump’s Priorities: The President has ideas to stimulate the American economy and protect its interests at home and abroad. You want to see the policies he talked about on his campaign brought to fruition. Here are examples of My Plan: 5 6
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Greater Allen Cathedral Senior Residence Energy Audit Report
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Date:

Executive Summary
QuadLogic Controls in conjunction with Greenwich Energy Solutions team performed an
energy audit at 107-37 166th Street on February 12th, April 7th, and April 14 th of 2015.
This work was performed in order to identify opportunities for energy savings and
increased comfort for the tenants.
Table 1 below illustrates the financial summary for the preliminary package of measures.
At the client’s request, QuadLogic and GES will work with building stakeholders to apply
for incentive money and engage in sensible energy supply contracts that will protect against
market fluctuations. In addition, clients may elect to use on-bill financing to reduce or even
eliminate up-front costs for implementation of efficiency measures. In many cases, the
combination of reduced energy consumption, incentive money, and on-bill financing through
one of our supply partners results in a positive cash flow from day one. An overall
consolidated package of measures should be discussed prior to implementing.

Annual building source energy consumption is 148 kBtu/ft2/yr. This implies that the facility
performs above average based on the US national median source EUI for this type of building
which is 243.2 kBtu/ft2/yr, as seen in Figure 1 below:

In all, 107-37 166th Street and its residents spent approximately $152,693 on 7,261 MMBTU
of energy in 2014, the end use breakout of which is seen in Figure 2 below:

The energy audit identified numerous cost effective energy conservation measures (ECMs)
ranging from low-cost/no-cost improvements to capital grade investments that should be
undertaken at the end of the equipment’s useful life. Highlighted measures include replacing
common area light fixtures, equipping faucets with low-flow aerators, and adding a ventilation
control fan to the trash chute.

Introduction
An energy audit was performed at 107-37 166th Street on February 12th, April 7th, and April
14th of 2015 intended to meet the criteria of the ASHRAE Level 2 audit. This report includes
the findings in this audit, and also includes the results of the Preliminary Energy Use
Analysis. The audit included the six items listed in the ASHRAE Procedures for Building
Energy Audits, Level 2, which are:
1. Perform a walk-through survey of the facility.
2. Meet with the owner/operator and occupants of the facility to learn the special needs
of the facility. Determine if any maintenance problems or practices may affect
efficiency.
3. Perform a space function analysis to determine if efficiency may be affected by
functions that diffe...


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