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In: Economics

Does the US Government have a spending problem, a revenue problem or both? Why or Why...

  1. Does the US Government have a spending problem, a revenue problem or both? Why or Why not?
  2. Let's look at spending...what is the breakdown of the federal budget (where does the money go)? What proportion is discretionary vs. non-discretionary? Where is the majority of the spending growth taken place?
  3. Given the spending growth (where it is taken place), what does this indicate regarding the role of the federal government?
  4. What do you make of the US Government's deficits and overall debt from an economic perspective? This might include any consequences (good or bad) that you see.   Back up your thoughts with data.

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Expert Solution

Rahul Sunny answered 2 years ago
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