(Answered) POLI330N Week 6 Assignment: Current Event – Free and Fair Trade or Budgetary Issue

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Required Resources
Read/review the following resources for this activity:

Instructions
For this assignment, respond to one of the following options:

Option 1: Find a recent article (less than one month old) from a reputable news source concerning a Free and Fair Trade issue between at least two countries.

  • Summarize the article.
  • What is the issue?
  • Explain why this issue is important to the global community.
  • Evaluate the source.
  • What is your opinion?

Option 2: Find a recent article (less than one month old) from a reputable news source concerning a proposed budgetary change.

  • Summarize the article.
  • What is the issue?
  • Explain who is affected most from the change?
  • Evaluate the source.
  • What is your opinion?

Writing Requirements (APA format). Refer to the APA manual.

  • Length: 3 full pages (not including the title or references page)
  • 1-inch margins
  • Double-Spaced
  • 12-point Times New Roman font
  • Title and Reference page required
  • APA cite article with link
  • Scan copy of article required

Solution:

Week 6 Assignment: Current Event – Free and Fair Trade or Budgetary Issue

United States politics are dominated by two ideologies: conservatism and liberalism. The federal budget is not immune to the influences of the two ideologies. For instance, conservatives often favor free markets, a balanced budget, and deregulation (Whitman, 2019). On the other hand, liberals favor progressive taxation as a measure of wealth distribution, market regulation to protect consumers from being exploited, and deficit spending (Whitman, 2019). The term balanced budget is used to refer to an event in which the collected revenues meet a government’s expenditure. The opposite is a deficit. It arises when expenditures exceed the collected revenues (Whitman, 2019). The national budget in the country has been on the rise since the 9/11 attack. The federal government increased spending on cleaning up the affected site, defense, and bailouts. In late March, the government added to the national deficit after it approved a $2 trillion economic stimulus package. This article explores the launched stimulus economic package and its relevance, beneficiaries, those negatively affected, and the issue at hand.

Article Summary

The article reports on the $2 trillion stimulus package that was approved by Congress and signed into law by President Donald Trump (Cochrane & Stolberg, 2020). However, the process was not without its challenges. Initially, Democrats remained adamantly opposed to it as they feared that the money proposed for bailouts would be used by companies for buybacks. Secondly, just before it was approved, representative Thomas Massie from Kentucky sought to further delay the process by calling for a formal roll-call vote (Cochrane & Stolberg, 2020). However, Republicans and Democrats united and managed to get the bill passed and signed into law…..Click link below to purchase full tutorial at $10