Compare and contrast the following theories of market economics: laissez-faire, Keynesian, and supply-side. Which of these theories, if any, best represents how our government fashions the U.S. budget? Be sure to describe how the budget is created and passed. In the last few years, there has been threats of congress not passing the budget. How would you reform the process of budget passing? What consequences would you suggest for the nonpassing of a budget? Where do tax policies fit into our government’s budgetary process? How would you reform the U.S. tax policies to best serve the U.S. citizens and U.S. budget?
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