question archive Budgetary deficits, whether on an individual or national scale, occur when expenditures surpass revenues
Budgetary deficits, whether on an individual or national scale, occur when expenditures surpass revenues
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Budgetary deficits, whether on an individual or national scale, occur when expenditures surpass revenues. Currently and for many years now, the federal government has been operating with annual budgetary deficits; the US is currently a debtor nation. Explain why this is either good or bad. If bad, suggest some plausible solutions to eradicating the budgetary deficits. Finally, link this discussion of the federal budgetary deficit with an individual's savings-to-debt ratio.
