Macroeconomics - Federal Budget

Economists think that during a recession it is healthy for the parsimony to propel toward a federal official official deficit and toward a federal profusion during an expansion . Although , to a creditor debt represents strength , each year since 1969 the federal disposal has incurred a deficit and the national debt is 8 .4 one thousand thousand and growingIf the economy held a budget surplus this would enable insurance policy makers to pay down the debt , cut measurees , and /or increase federal expenditures in another(prenominal) beas . There are opposing views as to whether the national debt will be a burden on future generations , but if we were able to free up around of that debt for citizens of the future , it would enable them to better utilize their financial resources to advance the position of the unite States in the international marketMy position is that the United States should target for a balanced budget . Using a balance budget would help to better reach goals to cringe the debt . The federal government is act to increase the deficit which is qualification it more difficult to pay down . The idea is that the economy will adjust itself as the unemployment rate falls , which it does , solo modestlyThe areas of concentration that the federal government focuses most of the using up are division of Defense , Department of Health and Human service , and Department of Treasury . I would not alter the taxation but focus my attention to spending and trade-offs .

I believe that the funds are available , it is just how the federal government has chosen to utilize itI would reduce the Department of Defense spending . The federal government is spending a lot of tax payer dollars to other countries which has caused the deficit to increase significantly in the last 5 years . I would reduce this to not more than 390 .6 billion . Health costs are continuing to climb up , and therefore government spending needs to rise with it . I would rise the amount of healthcare to 769 .5 billion . The Department of Treasury would reduce to 395 .4 billion . The government is spending a large amount of money to treasury bills to the public and other foreign investors . These cuts would not completely result in a balanced budget but would help to achieve the goals to be on the path to do so...If you want to get a full essay, order it on our website: Orderessay

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