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If we wished to reduce the budget deficit then how would you advocate that be accomplished?
Wiki User
∙ 14y ago
1- Fire a lot of people
2- make the same amount of people do more work
3- Stop funding all kinds of projects and stop giving handouts.
Raising taxes has nothing to do with reducing deficit SPENDING, but it could help raise the deficit.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agocap politician's wage, actually i would freeze their there pay for one year and that would probably pay the deficit. then limit time in office and they retire with there money management/savings and social security just like everybody else has to do. why does the American people have to pay politicians to live out there lives in comfort when they are the ones who put this country ruin. the fleecing of America has been happening for two hundred because of our leaders. our leaders should should have been limited one hundred years ago. now its not the united state of America its the united states of the world. everything has been traded,there is no honer among thieves, so many peoples lives are hurting ,soon there will be repercussions
Wiki User
∙ 9y agoThe only practical way to reduce a budget deficit is to spend less money than is received. Budgeting and spending wisely are absolutely necessary to turn a profit.
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Does government budget deficit reduce public or national savings?
Government deficit reduces public savings (=saving of the government). Yet, the government can decide to finance the deficit by private savings (bonds, credit, etc). In this case, a part of national savings can be used to finance the gov. budget deficit. But this is not by definition, it is the action of the govenment.
What did the Gramm-Rudman-Hollings Act do?
The Balance Budget and Emergency Deficit Control Act is popularly known as the Gramm-Rudman-Hollings Act after the names of its principal sponsors, and was designed to reduce the federal budget deficit around the 1980s.
How did president Clinton first budget aim to reduce the deficit?
spending cuts and tax increases
Why did barack obama reduce the budget?
His proposed budget is not much of a reduction- it is still an increase over the budget before he took office. Why did decrease it at all? Maybe the loss of his party's control of Congress was a factor. Maybe he is getting a little concerned about the recording breaking deficit spending and the exponential increase in the national debt.
What is the UK trying to reduce?
Dependence on the EU and its financial deficit.
Which monetary policy can reduce trade deficit?
expansoinary monetry policy can reduce the trade dificit in long run
What is the difference between amortization and sinking fund?
sinking fund is the setting aside of money for instance by the government to a pool to reduce its budget deficit while amortisation is the paying off of debts over a period of time with a decreasing principal balances and interests
What did Jefferson largely rely to reduce us deficit during his presidency?
Jefferson largely relied on reducing government expenses and cutting military spending to reduce the U.S. deficit during his presidency. Additionally, he sought to increase revenue through enforcing tariffs and by implementing the Embargo Act of 1807, which aimed to prevent American goods from being exported and reduce trade deficit.
SA government's measures to reduce poverty?
budget
Ways to reduce or eliminate debt?
You can make a budget
Can the government always reduce the budget deficit by simply increasing taxes?
Large budget deficits cannot be cured by simply raising taxes. Depending on the size of the debt and the size of an economy, usually long term plans are required. This would normally consist of the reduction of government expenditures and increases in taxes. The details of such a plan depend on many variables.
How did Congress want to reduce the massive Federal deficit caused by the Reagan years?
He kept taxes low and increased govt. spending.
