Question

In: Operations Management

If you were a member of Congress, how would you propose to balance the budget? Do...

If you were a member of Congress, how would you propose to balance the budget? Do you think your proposal could pass Congress? Do you think you'd be able to be re-elected if it did? Defend your opinions. This is in Statistical Reasoning.

Solutions

Expert Solution

Creating a balance on the budget is necessary to understand the demand of the specific society as well as to create a balanced budget that focuses on consistent development of the society. I would definitely be approaching the budget by putting it on the heavier side for education. I would allocate better amount do Medicare as well as education services. Why balancing this is specifically expenses in the respective budgeting process I would definitely enable the specific budget to be more society friendly as well as to increase the adaptability of the specific budget in the required environment. If I were the member of Congress then I would have looked at the persistent deficits of spending more than the actual taxes that are gained by the specific government in the respective environment. Balancing the budget is politically very difficult but it should be done in priority for estimation of a proper budget that could be used by a specific country to increase its adaptability in the respective environment.
For balancing the budget following factors can be looked after and implemented.

Implementing cuts in the government and leading it to a smaller government,
Increasing the taxes which leads to bigger government
Making it more effective by holding current government's size.

Following is a specific approaches would be the most appropriate way of balancing a budget that could be used in any specific condition to increase if adaptability. If I were the member of Congress then I would have definitely implemented holding the current governments size and implementing this is structure of operation for increasing its adaptability in the respective environment.


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