Balanced Federal Budgets

Anonymous
timer Asked: Dec 26th, 2018
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Question description

Economists differ in their ideas about using government spending to stimulate the economy. Some economists follow British political-economist John Maynard Keynes in advocating increased government expenditure to stimulate the economy when it is in recession. In their view, the federal deficit will decline when the economy improves. Others favor allowing market forces to restore equilibrium when the economy is in recession. They believe that the deficit stifles economic growth and prosperity.

You can learn the policy preferences of a city, county, state, other government agency by analyzing its budget. The budget is a plan for allocating the resources required to provide specific services and address strategic priorities.

For this Discussion, review this week’s Learning Resources and focus on the implications of the federal deficit on a public organization. Then, select a position either for or against a balanced federal budget. Consider whether the gap needs to be closed or whether there are legitimate reasons for borrowing.

The Assignment 1-2 pages

1. Post a description of your position on a balanced national budget. 2. Justify your position for or against a balanced national budget by explaining the gains and losses associated with your position.

Be sure to support your posting and responses with specific references to the Learning Resources

Resource to be used:

Mikesell, J. L. (2018). Fiscal administration: Analysis and applications for the public sector (10th ed.). Boston, MA: Wadsworth.

  • Chapter 4, "Federal Budget Structures and Institutions” (pp. 154-207)
  • Chapter 5, "State and Local Budgets” (pp. 214-251)
  • Chapter 3, "Budget Methods and Practices” (pp. 106-142)
  • Chapter 6, “Budget System Reforms: Trying to Make Better Choices” (pp. 257-305)

Tutor Answer

JesseCraig
School: New York University

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Running head: BALANCED FEDERAL BUDGETS

BALANCED FEDERAL BUDGETS
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BALANCED FEDERAL BUDGETS

2

Balanced Federal Budgets
I'm against a balanced national budget. Firstly, a balanced federal budget hurts economic
growth. In achieving a balanced budget, the federal government focuses on ensuring that its
expenditure does not exceed the accumulated revenue. This implies that the government would
try to regulate expenditure as possible by even avoiding to fund some ...

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Anonymous
Thanks, good work

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