Task One: Balance the Budget 1. Using the information below to determine how you will balance the budget.
2. Post your balanced budget to the top of your discussion post.
Balance the budget:
You are responsible for balancing the nation's finances by $1 trillion. As you 'balance the budget' make sure you are thinking about long
and short term implications of your decisions. Remember, there are spending options (domestic programs, military, health care, and socia
security) and there are revenue making options (estate tax, investment tax, income tax, tax reform) so make sure you are showing your
subtractions and additions when applicable to properly balance the budget by $1 trillion.
• Domestic Programs and Foreign Aid: Currently $160 billion
• Military: Currently $400 billion
• Health Care: Currently $500 billion
• Social Security: Currently $100 billion
• Estate Tax: Currently $100 billion
• Investment Tax: Currently $60 billion
• Income and Employer Tax: Currently $500 billion
• Tax Reform: Currently $500 billion