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Complete research and prepare persuasive essay or
presentation.
Using your knowledge of economics
and fiscal policy, you will evaluate a particular government direct payment
program for its impact on the federal budget and the economy in general. Direct
payments are cash payments to individuals or groups for a specific purpose.
Members of Congress listen to
economic analysts as one source of information before making fiscal policy
decisions, such as whether to increase funding to a direct payment program.
Ultimately, Congress votes on specific government programs and the President
must approve them. Budget decisions require careful thought and justification
to the public. Keep this in mind because you will need to support your opinion
with valid research data.
Step
One:
Identify a government program to
analyze—one where the government makes direct payments to citizens. Examples
include economic stimulus checks, small business grants, farm subsidies,
disaster relief, renewable energy projects, housing grants, social security, and
many more.
The following websites may be helpful to you as you begin
your research.
Step
Two:
Gather research information about
your program. Read these tips
for online research. Provide citation information for every source you use.
Include the following information:
What is the history of the program?
Who benefits from this program and how?
What is the yearly cost to the American taxpayer? What
is the historical cost data?
What percent of the total federal budget is spent on
this program relative to other programs?
What is the impact of this program on price stability,
full employment, and economic growth?
What is the potential impact beyond the direct payment
recipient? (For example, a small business grant could lead to lowering the
unemployment rate in a particular area.)
What are the professional opinions in support of and
against the program?
Step Three:
Imagine that Congress is trying to balance the budget and cutting spending
for many programs. Create a persuasive presentation or essay that persuades
members of Congress to either support or not support continued funding for the
payment program. There are many 21st century tools available for effective
collaboration and communication in the online environment. For more information
about tools your school recommends, please visit the resource tools area in
your course or contact your instructor. Include a list of citations for your
sources. Be sure to include your sources in MLA
format.
Websites
The New York Times—Breaking News, World News &
Multimedia
The Wall Street Journal—Business News & Financial News
Grants.gov—Source for Federal Government Grants
United States Department of The Treasury—Economic Programs
U.S. Department of Commerce—Economic Indicators
The Center for Economic and Policy Research (CEPR)
Economic Policy Institute (EPI)
Consumers Union—Non-Profit Publisher of Consumer Reports
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