$21 trillion is a lot of money, and it is the approximate level of the national...

$21 trillion is a lot of money, and it is the approximate level of the national debt in 2018. In this essay, you are to attempt to cut outlays in the annual budget of the federal government so that a fiscal surplus could be applied to the debt. You are to examine the four largest areas of government outlays and suggest some ways that cuts could be made in each one. Your essay should be approximately 1-2 pages.

Expert Solution

Eradicate Benefits for Low-Income Beneficiaries- This would be obtained thru a combination of lessening benefits to lower levels & augmenting the level of income needed to participate in the SNAP. Other measures include eradicating subsidies for foods served in the National Lunch & School Breakfast Programs for those households who earn greater than 185 per cent of central poverty guidelines .
Eradicate / Reduce Defence Programs- Suggestions include cancelling the procurement of the new F-35 Joint Strike Fighters & utilizing up-to-date versions of fighter airplane already being utilized. Additionally , the government would cease production of new aircraft carriers, lessen the quantity of air-borne missile submarines, & postpone development of a latest long-range bomber. The annual expenditure reduction is estimated to be 8.4 billion dollars.
Reduce Space Exploration Projects- Halting projects such as the Mars Exploration Program would save 7 billion dollars per annum.
Lessen the amount of Governmental Employees-Restricting replacement staff to no greater than 1 employee for every 3 workers who leave & lessening the yearly across-the-board adjustment for the civilian personnel would save an estimated 10.3 billion dollars annually.

Rahul Sunny answered 1 year ago

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