Question

Now, begin making changes. Remember to meet all of the president's promises. What were the three largest cuts you made, and why did you choose these three areas ? Explain your answer in at least three complete sentences,

Answer 1

An incoming president has to make strategic budget decisions, generally balancing campaign promises with fiscal possibilities, such as Reagan's policy to cut taxes and spending on social programs based on supply-side economics. The three largest cuts in any administration would likely target programs that are misaligned with the president's goals, underperforming, or could be run more efficiently by other entities, always with a view to protecting vulnerable populations.

Step-by-step explanation:

The question asks about prioritizing fiscal policies based on the promises made by a president. In the context of the course material and the information provided, let's assume the student is playing the role of an incoming president who must make strategic budget cuts. When dealing with an existing budget proposal, presidents often have to balance campaign promises with realistic fiscal possibilities. In this exercise, identifying the largest cuts would depend on the specific promises made, but let's take the example of President Reagan's administration which sought to cut taxes for the wealthy, curtail federal spending on social programs, and deregulate industry. These cuts would have been chosen based on a belief in supply-side economics or "Reaganomics," where it was thought that reducing taxes on the wealthy would lead to increased investments, job creation, and eventually benefit the wider economy. However, critics argued that these policies widened income inequality and increased national debt.

In a real-world application, the three largest areas to cut might be programs that are underperforming, not aligned with the administration's goals, or could be more efficiently run by state governments or private entities. The decision to choose which programs to cut would involve analyzing their effectiveness, cost, and alignment with both the promises made during the campaign and the current economic situation. Prioritizing cuts would also involve considering the social and economic impacts of these decisions and ensuring that the most vulnerable populations are protected. The ultimate goal is to create a budget that reflects the president's priorities while also being fiscally responsible.

Answer 2

the defense sector, the congress salaries, and Grants / Loans

Step-by-step explanation:

In my opinion, the three cuts must be redirected to the defense sector, the congress salaries, and Grants / Loans. I consider that education, health and agriculture sectors should not have any type of cuts because, due to them, the country has the economic, cultural and social growth, helping especially the middle and lower class families that represent the majority of the population. Also leaving the main structure of the society that begins from the main organization that is composed by the family as a base.