U.S. Fiscal Policy

U.S. Fiscal Policy

Introduction

Federal budget is entirely different from a family budget where family budget is based on the revenues earned by the income earners of the family. Federal budget on the other hand highlights federal spending and the health of the economy of America. The federal budget should not exceed GDP, but here during economic crisis, it has exceeded by a sharper extent. The following paper argues over the fact that federal budget of United States of America must be reduced drastically.

Discussion

Federal Debt is based on taxes, fees and expenses. When people are working, they are required to ...