Unit V Assessment

Unit V Assessment

Question 01

The major problem that the U.S. federal confronts in the finalization of the budget involves the increasing amount of expenditure by the government as compared to the revenues. Another major issue that affects this budget includes the protracted military engagements that have involved the US for over an extended period of time. The wars in Iraq and Afghanistan cost huge sums of money, with no potential increase in revenues. A proposed solution to deal with these budgeting issues is to increase the revenues which can be done by raising the taxes and reducing the ...