Federal Budget Deficit Analysis
In, 1789 the federal government was initiated but was also the first year that we created a deficit that we keep accumulated on. The current U.S. Federal Budget deficit for the 2018 fiscal years is $440 billion which is not being helped from the current U.S. government spending $4.094 trillion vs it’s revenue of $3.654 trillion. My solution to the U.S budget deficit would be to improve economic growth to avoid increasing taxes and decreasing governmental spending.
When we look back in history it’s impressive on how President Andrew Jackson could get the national debt down to zero, which was accomplished due to prior policies set in motion and his thoughts about how debt weakens a nation. A deficit is the difference between what the U.S. …show more content…
Now, those of us who are not rolling in the big bucks would love just to tax the rich and hope that we would fix our national debt and deficit issue. This would be great in theory but it wouldn’t fix anything, it would just cause more conflict in society. When you cut just from certain areas, then you will cause an uproar and cause more problems than solutions. If we follow this method then we must do it a critical way which will avoid any uproar from any certain party. We can’t just follow the ideals of liberals who want to tax the rich and conservatives who want to cut certain expenses. As, I said before we need to follow both policies but in a proportional manner so we don’t disrupt the flow of the current …show more content…
Less income taxes and corporation taxes would please society and better our current living situations
Many believe that The National Treasury has the power to fix the U.S. deficit by printing more money into circulation. Sadly, this wouldn’t fix our deficit issue, it would just cause additional problems. Increasing the amount of money in circulation usually causes increase in demand which ultimately increases prices to skyrocket. This would also cause money to be less valuable which would lead us to same predicament as before. This option would cause inflation and would keep our current deficit the same.
If our polices stay the same the debt will increase in the decades ahead to unstainable levels. So we need to do something radical before we go into a true crisis. We can’t just pick one method in lowering our deficit. Managing the debt in the long run will require some combination of raising revenues, cutting spending, and growing the
When we look back in history it’s impressive on how President Andrew Jackson could get the national debt down to zero, which was accomplished due to prior policies set in motion and his thoughts about how debt weakens a nation. A deficit is the difference between what the U.S. …show more content…
Now, those of us who are not rolling in the big bucks would love just to tax the rich and hope that we would fix our national debt and deficit issue. This would be great in theory but it wouldn’t fix anything, it would just cause more conflict in society. When you cut just from certain areas, then you will cause an uproar and cause more problems than solutions. If we follow this method then we must do it a critical way which will avoid any uproar from any certain party. We can’t just follow the ideals of liberals who want to tax the rich and conservatives who want to cut certain expenses. As, I said before we need to follow both policies but in a proportional manner so we don’t disrupt the flow of the current …show more content…
Less income taxes and corporation taxes would please society and better our current living situations
Many believe that The National Treasury has the power to fix the U.S. deficit by printing more money into circulation. Sadly, this wouldn’t fix our deficit issue, it would just cause additional problems. Increasing the amount of money in circulation usually causes increase in demand which ultimately increases prices to skyrocket. This would also cause money to be less valuable which would lead us to same predicament as before. This option would cause inflation and would keep our current deficit the same.
If our polices stay the same the debt will increase in the decades ahead to unstainable levels. So we need to do something radical before we go into a true crisis. We can’t just pick one method in lowering our deficit. Managing the debt in the long run will require some combination of raising revenues, cutting spending, and growing the