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Budget Deficit Exercise - U.S Gov't Politics Political...

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U.S. Gov’t & Politics   Spring 2008 Political Science 1 J. P.  Vermeer BUDGET SIMULATION EXERCISE One of the concerns many people have is over the size of the federal  government’s budget deficit.  The deficit is simply the difference between the  revenues coming in and the money going out.  If the money coming in is less  than what is being spent, the budget is running at a deficit, and the difference has  to be made up with borrowing.  It is not unusual for the federal government to run  a deficit (in fact, it is rare when the budget is balanced or runs a small surplus),  but keeping the deficit within a reasonable number turns out to be difficult. (For  the sake of this exercise, assume that deficit reduction is a desirable political and  fiscal goal.) You will use the “National Budget Simulation” to examine what changes could be  made to respond to the budget deficit.  You will use the “long version,” because it 
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