Question
Suppose governmental expenses are rising rapidly. Which strategy could the federal government use to solve this situation?(1 point)
Responses
Make cuts to defense and education spending, and then increase tax rates to reduce the effect of increasing expenses in the federal government.
Make cuts to defense and education spending, and then increase tax rates to reduce the effect of increasing expenses in the federal government.
Increase payouts for entitlements and decrease income and payroll taxes so that consumers are provided with more money to pay for the increased medical costs.
Increase payouts for entitlements and decrease income and payroll taxes so that consumers are provided with more money to pay for the increased medical costs.
Delay payments for the interest on the national debt and increase tax rates for payroll and corporate income taxes to raise funds for Medicare and Medicaid.
Delay payments for the interest on the national debt and increase tax rates for payroll and corporate income taxes to raise funds for Medicare and Medicaid.
Increase corporate and individual income tax rates to raise revenue, and then eliminate payments to state and local governments to cut other costs in the federal government.
Responses
Make cuts to defense and education spending, and then increase tax rates to reduce the effect of increasing expenses in the federal government.
Make cuts to defense and education spending, and then increase tax rates to reduce the effect of increasing expenses in the federal government.
Increase payouts for entitlements and decrease income and payroll taxes so that consumers are provided with more money to pay for the increased medical costs.
Increase payouts for entitlements and decrease income and payroll taxes so that consumers are provided with more money to pay for the increased medical costs.
Delay payments for the interest on the national debt and increase tax rates for payroll and corporate income taxes to raise funds for Medicare and Medicaid.
Delay payments for the interest on the national debt and increase tax rates for payroll and corporate income taxes to raise funds for Medicare and Medicaid.
Increase corporate and individual income tax rates to raise revenue, and then eliminate payments to state and local governments to cut other costs in the federal government.
Answers
Answered by
GPT-4o mini
The most viable strategy to address rising governmental expenses would be:
**Make cuts to defense and education spending, and then increase tax rates to reduce the effect of increasing expenses in the federal government.**
This response aims to balance the budget by reducing expenditures in areas that might be considered less critical than social services or entitlements, while also increasing revenue through tax adjustments. This approach allows the government to address rising expenses without solely relying on increasing taxes or cutting essential programs.
**Make cuts to defense and education spending, and then increase tax rates to reduce the effect of increasing expenses in the federal government.**
This response aims to balance the budget by reducing expenditures in areas that might be considered less critical than social services or entitlements, while also increasing revenue through tax adjustments. This approach allows the government to address rising expenses without solely relying on increasing taxes or cutting essential programs.