(Solution) Poli 330N Week 6 Assignment: Current Event – Free and Fair Trade or Budgetary Issue

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.
  • What outside influences might help change this issue?
  • 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 benefits most from the change?
  • Who might be negatively affected by this change?
  • 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

Grading
This activity will be graded based on the Assignment Grading Rubric.

Solution:

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

The United States politics are dominated by two core ideologies: liberalism and conservatism. The two ideologies impact the national budget significantly. Liberals lean towards market regulation in a bid to protect consumers, deficit spending, and distribution of wealth via progressive taxation (Whitman, 2019). Conversely, conservatives seem to favor balanced budgets, deregulation, and free markets. A balanced budget implies that government expenditure is equivalent to the revenues. Since the 9/11 terrorist attack, the national debt has been on the rise. The federal government increased spending on military, bailouts, and cleaning up the affected site. Now, the government is facing yet another financial crisis. This article explores the current economic challenges owing to the COVID-19 virus. It also details the importance of the proposed federal economic stimulus program.

Summary of the Article

Amid the COVID-19 pandemic, governments across the globe are asking citizens to work from home. The United States is no exception. The economy is already feeling the effects of the pandemic. Public expenditure has dropped substantially. In a bid to prevent a looming economic crisis, Capitol Hill has been holding discussions to develop and approve an economic stimulus plan (Stein et al., 2020). Congress is under a lot of pressure to pass an economic program as the national cases are rising faster than anticipated. Some businesses have moved to lay off some of their employees as they are struggling to settle their debts. The travel industry is one of the most adversely affected sectors.

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