Question

1. What do you think about the high deficit that the US Government is currently operating under? 2. What do you feel the US Government should do faced with borrowing to meet the entitlement spending? 3. Do you agree with this article? (

Answer 1

The us Federal Budged deficit For Fiscal year 2020 as & 10 fri. llion. FY 2020 lovers ocks, 2019 through sepdemben 20.2020. The definid occunes Because the us gord spending of & 4. as trillion is higher than its Revenue of & 3.65 trillion. Many people Blame the deficids on entitlement program But that's not supported by the Budged us militany spending is greater than those of next 10 langest gout expenditures combined sound is the impact of for inds. Going Forwand the frump fax und wild Reduce Revenue Athen the 2001 Re- cession Federal defiuds declined The drump administradion will set new Reconde of defense spending it is estimated to Reach & 989 billion The deficit has now Swelled nearly 50 pencent since Ma. Trump took offi. ne and it is poojected to top & 1 trillion in avan solution - The us govt has Run Budged de tiuits for years.

But the problem may no longer be something the notion can easily Ignose Gorennment debt has soared high enough that it could crimp ein nomic growth The united States is not racing an immediate Revolt by creditors, as Greece as, but the issue is no longen an off-in. the Future one. It is severe but Far From unResolvable. The handesh pand is political. Finding a way to hudge both major parties tow and bipart is an action.