In your opinion, should the government cut its spending levels,
and if so, what specific area should be cut first? Explain your
reasoning. What could be the possible unintended consequences of
such a cut?
This discussion covers 3 skills.
Describe government spending at federal, state, and local
levels.
Describe how federal deficits and the national debt relate to
the economy.
Describe how automatic stabilizers respond to economic
events.