Question:
Theoretically, the President of the United States is suggesting increased spending for a missile defense system. He is also proposing a major long-term tax cut. What are some predictions of possible outcomes for the federal budget categories, the economy and the relative importance of each outcome during the next 10 years.
Consider this from an immediate or short term outcome and then a longer outcome (10 years). What might be some practical problems or issues the country might face with this proposed plan?