Federal Budget And The Budget

1814 Words Nov 19th, 2015 8 Pages
It is no secret, the federal budget is in a major deficit. The federal government continues to borrow money to finance obligations that include Medicare, Social Security, military defense, federal salaries and other programs. The more the government borrows; the deeper the country sinks into debt (Krulick, 2015). As federal debt grows, the congress raises the allowable debt ceiling. The Congressional Budget Office estimated the Gross Domestic Product (GDP) was $17.3 trillion in 2014 and that the federal budget deficit was $506 billion ("Congressional Budget Office,”).
I believe the sources I have used to research this date are credible. The Congressional Budget Office claims to be a nonpartisan agency which makes no recommendations on policy. The agency simply analyses budgets at the congressional level. Throughout my research, all sources reported similar information regarding the budget. It is possible the information related to the federal budget could be a skewed statistic or propaganda from one or another political party.
I determined the data related to the federal budget to be supportive of the Republican Party. The Republican Party potentially may have constructed inaccurate information to help solicit votes for an upcoming election or general support of their political party. It would be in the Republican Party’s favor to suggest a higher debt than the actual debt; for the reason that politicians may emphasize the costs of domestic welfare programs that liberals…

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