In the Fiscal Ship Post you are challenged to choose strategies to keep the federal debt in check. The Fiscal Ship is a game in which your mission is to decide on taxes, spending options, and policy values to set the budget. To win the game, you need to find a combination of government policies that puts the federal budget--and The Fiscal Ship--on a sustainable course.
Here are the Questions to answer in your post thread:
1. Which governing goals did you choose? Why did you choose these goals?
2. How difficult was it to pursue your goals while also hitting the debt target? Which of your goals were most difficult to achieve?
3. Which of your policy choices had the largest impact on your fiscal target? Which barely moved the line? Were you surprised by the magnitude of any policy choices?
4. What do you think the political obstacles would be to hitting the debt target?
5. Did the game make you reevaluate your initial governing goals?
6. How should the federal government set the budget on a sustainable course in the next 25 years? Utilizing economic reasoning explain how you would "fix" the Federal Budget, and discuss your views regarding future budget tradeoffs. Where would you make major cuts and why? For example: Should additional tax revenue be used to reduce federal borrowing? Should the federal government invest more in research and development? How should we secure Social Security and Medicare for future generations? Should we increase or decrease national security funding in the years ahead?
Attach a summary/screenshot of your results (My Plan) from the Fiscal Ship to your post. You can take cell phone pics of your results, and collect them in a Word or PDF file if you like. Make sure to check to see that your post is viewable within a thread. Your results can be attached as a reply. You are responsible for checking to make sure that your post is visible on Blackboard. You are responsible for double checking to make sure that your post is visible to all within a thread and that your results are posted.