There are currently three major political approaches to fixi

There are currently three major political approaches to fixing the problem with the nati 1) One group of advocates is asking that we cut down government expenditures and give more tax breaks and incentives to small and big business. 2) Another group of advocates is saying that we must emphasize our exports by lowering our dollar value or forcing our trade partners - China - to regulate more accurately it\'s currency. 3) A third group of approaches by saying we should have a balance budget amendment. ) Identify the notable political advocates of all three positions. i) Give the pro\'s and con\'s of each approach.

Solution

Cut in government expenditure and tax breaks to small and big businesses.

Pros

Cons

Emphasizing exports by devaluing dollar and forcing our trade partners like China to regulate its currency more accurately.

Pros

Cons

Balanced budget amendment

Pros

Cons