The Macroeconomic Choices

The growing national deficit is a looming problem in the United States now more than ever. The national debt is constantly increasing and government spending is out of control. If these issues are not solved then they could spell disaster for the nation’s economy when the infamous debt ceiling is finally reached. Currently the national policy on the debt is to continue raising the debt limit until a solution is found that is agreeable between both parties in Congress. The two main issues of over spending and the constant raising of the debts ceiling by Congress can both be resolved by government spending reform, balancing the federal budget and initiating pro-growth policies in order to increase the government’s tax revenue.

Economically there are many challenges we face as a country with our current fiscal policies. Since the 2008 financial crisis, there have been many debates in regards to how we should go about managing our financial system. Unfortunately, we as team believe that in order for us to stabilize our nation financial issues we are going to have to make restrictions in certain channels, which might affecting our way of life. One area needing attention is government spending and how it has to be reduced, and this would have a ripple effect in certain areas. Our elected officials will have to come to a compromise and determine which sectors are costly and can be reduced.

Many United States' citizens are unaware of the country's current financial state. Many assume that one of the world's wealthiest countries could never be in debt. This is untrue however, and, in fact, the country with the greatest income per capita is in major debt. This study will examine possible solutions to reducing the United States' national budget deficit.

Given the critical circumstances the United States economy faces today, the current fiscal policy, in addition to the changes that will be made in the future, is under intense scrutiny. During the Obama administration, which will soon come to an end in about six months, a variety of policies were created in attempts to create employment, raise our GDP, and boost the state of the economy, among other ideas. The fiscal policies created by Congress and the President demonstrate success in some areas, while failing in other areas, as many, including myself, would argue. As the 2016 election quickly approaches, it is important to remember previous fiscal mistakes and successes, and the current economy, in order to better grasp what will be necessary for a successful fiscal policy in the future.

Spending and Revenue are divided into ten categories, such as Investments, General Government, etc. Choose three spending categories and one revenue category to write about. What decisions to spend or cut did you make in each of the categories that you chose? Explain your choices. Be sure to read the pro/con arguments for each decision. Which arguments did you find most convincing?

The United States has adopted a persona of uncontrollable spending policies, and short term solutions. As the spending trajectory continues in a downward spiral, fueled by unsustainable policies, and current tax revenues, the national debt continues to grow. For many years, the United States has implemented policies that failed to address mandatory spending costs, which, unfortunately continue to outpace the national economy. Furthermore, Congress has created a habit of introducing short term solutions in order to confront a long term issue of national debt. Although, there are many driving forces behind the U.S. fiscal problem, mandatory spending

This section illustrates how a reduction in spending could eliminate the federal budget deficit over 10 years. It shows projections of revenues and spending as a share of GDP based on the March 2011 Congressional Budget Office estimates. My projections for revenues assume the extension of the 2001 and 2003 income tax cuts, extension of alternative minimum tax relief, and repeal of the tax increases

The annual United States budget has been steadily rising over the past decade. The projected federal budget for the 2012 fiscal year is going to be $3.7 million dollars compared to the $1.9 trillion in 2001. The 2012 budget is just a hundred million less than the 2011-year budget, according to the Congressional Budget Office. The reason for this ongoing rise in the federal budget can be acclaimed too the few financial crises that the country has faced. Beginning with September 11th attacks, to the housing bubble bursting, to the recession hit in 2007. The combination of all these major financial breakdowns, along with the hundreds of other fiscal responsibilities that the government holds has lead America into a very big budget deficit.

Speculate on the primary way in which the federal government could make up any shortfalls if it does not collect its targeted revenue from personal income taxes, and ascertain the most significant way in which the U.S.

During presidential bids for the White House and Congressional deadlines for increasing the debt ceiling, huge debates break out as to the enormous amount of debt incurred by the federal government. Throughout our nation’s history, national debt at this magnitude is a new things. The accumulation of this amount of debt has its consequences, especially when the debt hits the nations GDP (Gross Domestic Product), or the revenue the nation takes in per year.

Audience: The audience of this paper is for two people. One, for the people of the United States that deal with the consequences of a large federal deficit, and two for the lawmakers in Congress that have the ability to change the situation.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold. (Encyclopedia). The revenue in 2015 came from taxes on, motor vehicle sales and rental, motor tax, fuels tax, Franchise Tax, Insurance taxes, Natural Gas Production tax, Cigarette, Tobacco taxes, Alcoholic Beverages taxes, Oil Production tax, Inheritance taxes, Utility taxes, and Hotel taxes. The total amount of revenue from taxes was $51,683,059,891. The other $57,745,198,411 came Federal income, licenses, fees, permits, fines, interest and investment incomes, net lottery proceeds, sales of good and services. Settlement claims, land income, contribution to employee benefits. Texas already

The National Debt in America has been a major concern for many years. The United States has spent a large amount of money, accumulating trillions of dollars in national debt. The United States national debt is the sum total of all deficits. National debt poses a threat to future generations. While the majority of Americans recognize that debt is not a good thing. Yet, many Americans grapple with comprehending the theories of the national debt and deficit. More importantly, if Americans were enlightened about the economic policy they could relieve the economy. If the government could find a balance between creating more revenue and spending less money, educating the public of the national debt. Americans could reduce the amount of federal budget deficit and the national debt.

A Federal Tax Law comprises of statutory provisions, administrative support and court decisions in certain cases. The first and foremost task of any Federal Tax Law is raising revenue for Federal and various state governments to absorb the cost of government operations. The role of social, economic, equity and political factors couldn’t be ignored while discussing various tax consequences during particular budget period. Nevertheless, the amount of revenue raised through this method decides the amount of services that the government can afford to provide. The forum topics for this week are explained in following broad heads:

The most interesting category was the government grants (contributions) in the amount of $186,244,548.This amount makes up 77% of the revenue from Contributions, Gifts, Grants and Other Similar Amounts (see Figure 2). According to Barr and