Copy_of_DISCUSSION_QUESTIONS-_10_TRILLION_AND_COUNTING - DISCUSSION QUESTIONS 10 TRILLION AND COUNTING \u25cf What is a budget deficit Spend more than you

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DISCUSSION QUESTIONS - 10 TRILLION AND COUNTING What is a budget deficit? Spend more than you make What is total national debt? Over $11 trillion What are some reasons why the budget deficit and nonbudgeted spending have been adding more than $500 billion to the national debt in recent years? Name three countries that loan money to the U.S. government. What instruments do they receive to guarantee their loans? On several occasions, a balanced budget amendment has been proposed as law but not passed by Congress. What would be the advantages and disadvantages of having such a law? What was PAYGO? What happened to that policy, and how did it impact the budget deficit? According to Greg Ip of The Economist , President Bush's economic policy of cutting taxes and spending through borrowing was "politically smart" rather than "economically smart." Do you agree or disagree? Explain. What impact did spending for the wars in Iraq and Afghanistan have on the budget deficit?
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  • Deficit, United States public debt

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