What does this graph suggest about the costs and benefits of balancing the budget?
I have a bar graph that shows the following data:
The title of the graph is "How Americans Want to Balance the Budget".
Only with spending cuts: 20%
Mostly with spending cuts: 30%
Equally with spending cuts and higher taxes: 32%
Mostly with higher taxes: 7%
Only with higher taxes: 3%
4 answers
It suggests that the majority want spending cuts.
The graph really doesn't address costs and benefits at all, as you describe it. Spending cuts do have costs, depending on what is cut and how. We could cut out all social safety net programs, and the cost would be a huge increase in poverty among the people. We could cut defense spending, but at what cost to national defense, if any? These are political questions. We could close all the national parks, or cut spending on them by a percentage, but the cost would be deterioration of services to the public and, quite possibly, letting the parks go wild or selling them off. It all depends on where the cuts come and how they are implemented.
Why don't you give a helpful answer.
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3 answers