Monday, February 11, 2013

Blog Post 3.7 "Fiscal Policy"

Read the following column from the New York Times about taxes and military operations.

http://www.nytimes.com/2013/02/11/opinion/a-tax-to-pay-for-war.html?hp

Write a two paragraph summary of the column and then answer the following questions.

1. What has been the trend in defense spending since 2009, and why?
2. How much does the US spend on defense, and how much of GDP does that spending account for?
3. How does America's debt crisis impact future military plans?
4. How have past wars changed America's tax money?
5. What is the Budget Control Act?  (you'll have to look it up)
6. How would a tax tied to military operations change the way the President had to think about committing troops overseas?
7. What potential problems can you see with this tax proposal?

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