The federal debt keeps rising every year, Accounting Assignment Homework help

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Question Description


The federal debt keeps rising every year and has changed from a moral responsibility to a tool used in economic policy. Government spending is used for everything from Medicare and Medicaid to buying books for underprivileged schools. Government spending is used on short-term and long-term projects. After reading “Honey I Shrank the Deficit (But Grew the National Debt)” by David Davenport, what types of projects (short-term or long-term) should government spending be used on and why? Provide examples. Why is it important to lower the national debt? Or, is the national debt just something we pass on to the next generation? What problems does the federal debt establish, even when there is government surplus? Explain the relationship between the federal debt and annual surplus and annual deficits.

One page, please

Please use the text below and site page number and the site below

Finkler, S. A., Purtell, R.M., Calabrese, T.D., & Smith, D.L. (2013). Financial management for public, health, and not-for-profit organizations (4th ed.).  Upper Saddle River, NJ: Pearson Prentice Hall. ISBN: 978-0-13-280566-7.

http://www.forbes.com/sites/daviddavenport/2014/04/24/honey-i-shrank-the-deficit-but-grew-the-national-debt-2/

Tutor Answer

Krapf
School: Duke University

Running head: ACCOUNTING

1

Federal Debts
Name
Institution Affiliation

ACCOUNTING

2
Federal Debts

Federal debt can be said to be the total amount of money that a country or a country owes
to a creditor. If the federal revenues of a government equal the spending of the government, the
budget is said to be balanced. In cases where the profits or revenues outweighs the spending, the
outcome is a surplus. In the same time, wh...

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Anonymous
Excellent job

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