Conclusion The US federal budget is one of the worlds largest and complex

Conclusion the us federal budget is one of the worlds

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Conclusion The US federal budget is one of the world’s largest and complex budgets. The mandatory and discretionary spending has continued to increase over the past fiscal years. Spending on social security, health care and interests on debts held by the government has continued to increase and is expected to increase in the next three decades if substantial amendments are not made on the current congress laws concerning the federal budget. Due to the long run negative effects to the economy posed by the increasing budget deficits and debts, policy makers must work tirelessly to come up with strong measures to contain the federal debts and deficits and to ensure the budget is sustainable and meets the current and future demands of the economy.
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THE US FEDERAL BUDGET 5 References NPP. (n.d.). Fighting for a U.S. federal budget that prioritizes peace, economic security and shared prosperity. Retrieved from - basics/federal-budget-101/spending/ Amadeo, K. (September 18, 2017). The U.S. Debt and How It Got So Big. The balance . Retrieved from Foster, M. (Nov 8, 2017). Federal Debt Is Reaching $20 Trillion & That's Not A Bad Thing. Forbes. Retrieved from - debt-is-reaching-20-trillion-and-i-dont-care/#541177c332ba Shesgreen, D. (Jan. 8, 2018). Why Congress can't agree on how to fund the government. USA TODAY. Retrieved from - congress-cant-agree-how-fund-government/1011848001/
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  • Winter '15
  • United States public debt, United States federal budget

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