Pros and Cons of a Balanced Budget at the Federal Level

Week three paper topic: Although economists disagree on the impacts of deficits, they have become a major policy issue. Balanced budgets, although a rarity at the national level, are more common among the individual states. Balanced budgets are perceived by some as effective management and restraint on the government, as well as lessening the burden on future generations. Write a paper on the pros and cons of a balanced budget at the federal level. Be sure to include a recommendation on what the U.S. policy should be and why.

Struggling with where to start this assignment? Follow this guide to tackle your assignment easily!

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Step-by-Step Guide to Writing Your Paper

Step 1: Understand the Assignment Prompt

• Carefully read the prompt to ensure you address all parts: the pros and cons of a balanced budget at the federal level and your recommendation for U.S. policy.
• Note key elements: “pros and cons,” “federal level,” “recommendation,” and “why.”

Step 2: Conduct Research

• Gather credible sources, including government websites, academic journals, and expert opinions, on balanced budgets.
• Focus on finding information about economic impacts, historical examples, and opposing viewpoints.

Step 3: Create an Outline
Organize your paper using the following structure:

1. Introduction
   • Briefly introduce the concept of a balanced budget.
   • Highlight its importance as a policy issue and preview your discussion points.
   • End with a clear thesis statement summarizing your recommendation.
2. Body
   • Section 1: Pros of a Balanced Budget
     • Discuss advantages, such as fiscal responsibility, reduced debt, and potential economic stability.
     • Use examples or data to support these points.
   • Section 2: Cons of a Balanced Budget
     • Explore disadvantages, including potential cuts to essential programs, economic inflexibility, or slower responses during recessions.
     • Provide evidence or examples illustrating these challenges.
   • Section 3: Evaluation of Both Sides
     • Compare the pros and cons.
     • Discuss how different economic conditions might influence the effectiveness of a balanced budget.
3. Recommendation
   • State your recommendation for U.S. policy.
   • Justify your choice by tying it to evidence from your research and the evaluation in the previous section.
4. Conclusion
   • Summarize the main points of your paper.
   • Restate your recommendation and its importance for the U.S. economy.

Step 4: Write the First Draft

• Use your outline as a guide to write a coherent and well-organized paper.
• Avoid overly complex sentences; aim for clarity and conciseness.

Step 5: Cite Your Sources

• Use APA, MLA, or another required citation style to credit all your references.
• Include a reference page listing all sources used.

Step 6: Revise and Edit

• Review your draft for logical flow, grammar, and adherence to the prompt.
• Ensure your recommendation is well-supported and clearly explained.
• Ask a peer or tutor to review your paper for feedback.

Step 7: Finalize and Submit

• Ensure all formatting requirements (font, spacing, margins) are met.
• Double-check your citations and references.
• Submit your paper confidently!

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This guide should help you approach the assignment step by step, making the process more manageable. Happy writing!

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