Question

Budget deficit Congressional Budget office(CBO) estimates that the budget deficit of the fiscal year 2011 is...

Budget deficit

Congressional Budget office(CBO) estimates that the budget deficit of the fiscal year 2011 is about $1.3 trillion. The deficit for 2012 was to improve little(around $1.1 trillion). The deficit for 2013 was $680 billion. Finally the deficit reduced to $483 billion for 2014. The federal budget deficit of 2015 was $439 billion. The federal budget deficit of 2016 was $534 billion. The federal budget deficit of 2017 was $668 billion.

Q1) Are we going back to the budget deficit cycle again? Is it because of slow recovery, sagging stock market or the war against terror or the president Obama's stimulus policy?

Q2) Although the war against IRAQ was over quick(?), there will be involved with the additional cost after the war including the reconstruction and humanitarian aids , or another war(Afghan) or fighting against ISIS. How does this military cost contribute to our rising budget deficit?

Q3) Will Trump's stimulus package( Spending increase and Tax cut) contribute to another huge budget deficit down the road? Is this TAX CUT with large budget deficit necessary for the economy now( could this policy be overheating the economy or inflationary?) or will it cause another financial danger to haunt US economy soon due to crowding out from these huge deficit?

Q4) To finance current budget deficit, US government relies on T bond sales. The significant portion(over 30%) of T bonds are purchased by foreign governments or capitalists(lately China). What is your opinion about relying on foreign debt to finance US budget deficit? If some foreign countries became unhappy about trade or political matter with US government ( of the new president, Trump) or due to lack of confidence over US T Bond and decided to cash out (sell) US T bonds they are holding, what economic consequence do you expect to be occurred?

Q5) US national debt to its GDP is a little over %100. Japanese national debt to its GDP is getting close to %250. Could this be a potential disaster for the global economy ,since Japanese economy is 3rd largest one in the world?
（each dicussional question need be around 10 sentences and please type on thank you！）
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Congressional Budget office(CBO) estimates that the budget deficit of the fiscal year 2011  is about $1.3 trillion....
Congressional Budget office(CBO) estimates that the budget deficit of the fiscal year 2011  is about $1.3 trillion. The deficit for 2012 was to improve little(around $1.1 trillion). The deficit for 2013 was $680 billion. Finally the deficit reduced to $483 billion for 2014. The federal budget deficit of 2015 was $439 billion. The federal budget deficit of 2016 was $534 billion. The federal budget deficit of 2017 was $668 billion. Q1) Are we going back to the budget deficit cycle again?...
Congressional Budget office(CBO) estimates that the budget deficit of the fiscal year 2011  is about $1.3 trillion....
Congressional Budget office(CBO) estimates that the budget deficit of the fiscal year 2011  is about $1.3 trillion. The deficit for 2012 was to improve little(around $1.1 trillion). The deficit for 2013 was $680 billion. Finally the deficit reduced to $483 billion for 2014. The federal budget deficit of 2015 was $439 billion. The federal budget deficit of 2016 was $534 billion. The federal budget deficit of 2017 was $668 billion. Q3) Will Trump's stimulus package( Spending increase and Tax cut) contribute...
Congressional Budget office(CBO) estimates that the budget deficit of the fiscal year 2011  is about $1.3 trillion....
Congressional Budget office(CBO) estimates that the budget deficit of the fiscal year 2011  is about $1.3 trillion. The deficit for 2012 was to improve little(around $1.1 trillion). The deficit for 2013 was $680 billion. Finally the deficit reduced to $483 billion for 2014. The federal budget deficit of 2015 was $439 billion. The federal budget deficit of 2016 was $534 billion. The federal budget deficit of 2017 was $668 billion. Q5) US national debt to its GDP is a little over...
For the fiscal year that ended on September 30, 2017 the U.S. federal deficit was $666...
For the fiscal year that ended on September 30, 2017 the U.S. federal deficit was $666 billion, an increase of $80 billion from 2016. This was the second consecutive year the deficit has increased, following several years of decline. (The deficit was over $1 trillion in 2012 and had fallen to $438 billion in 2015, but the current deficit is more than $500 billion higher than the $161 billion deficit in 2007, the year the Great Recession began.) The Congressional...
exam3 #12 CBO expects higher​ long-term deficits The Congressional Budget Office​ (CBO) says the national debt...
exam3 #12 CBO expects higher​ long-term deficits The Congressional Budget Office​ (CBO) says the national debt is on an upward path and will hit 122 percent of GDP in 2040. Healthcare programs and Social Security benefits are the large drivers of spending over the coming decades. ​Source: The Wall Street Journal​, July​ 12, 2016 If the government decided to slow the growth of debt by cutting transfer payments and raising taxes by the same​ amount, how would this fiscal policy...
During the Great Depression total production in the US stayed below potential output for many years,...
During the Great Depression total production in the US stayed below potential output for many years, and the unemployment rate reached 25% in 1933. Many economists argue that the WWII allowed the US to pursue one of its biggest government spending programs in history (as a result, the US government budget deficit was greater than 20% during the war. Currently the government deficit is about 2.5% of GDP). Moreover, the government debt became more than 110% of GDP in late...
The United States federal government is responsible for meeting the spending obligations of the US government,...
The United States federal government is responsible for meeting the spending obligations of the US government, or its "unpaid bills." Krugman & Wells (2015), explained if taxes are insufficient to cover government spending then the federal government must borrow to cover the difference. These government borrowing are US Treasuries (Chapter 10, Matching Up Savings and Investment Spending). Reuters (2018, February 18) reported, “…tax reform is expected to add as much as $1.5 trillion to the federal debt load, while the...
Please don't copy and paste from other website. Outline the key fiscal and monetary policy actions,...
Please don't copy and paste from other website. Outline the key fiscal and monetary policy actions, respectively, of New Zealand against the COVID-19 shocks(already outlined below) use appropriate macroeconomic models and theories covered in this course to explain their expected impacts. Discuss any limitations of these policy actions. (~600 words) TIPS: ⮚ If there are many policy actions, you could list all of them but focus on the key ones for discussion. ⮚ The government may take multiple actions (e.g....
1. All of the following programs are considered mandatory spending EXCEPT: interest on national debt. Medicare....
1. All of the following programs are considered mandatory spending EXCEPT: interest on national debt. Medicare. Social Security. national defense. 2. What did Arthur Laffer suggest President Reagan do in the 1980s? increase welfare benefits increase corporate taxes increase income taxes decrease income taxes 3. A type of money made from a substance that is also valuable is called: economic money. fiat money. commodity money. metallic money. 4. What are the two common measures of the money supply in use...
1. The Federal Reserve Act says that the Fed must try to achieve​ ______. A. a...
1. The Federal Reserve Act says that the Fed must try to achieve​ ______. A. a balanced budget B. maximum​ employment, stable​ prices, and moderate​ long-term interest rates C. a stable U.S. dollar on foreign exchange markets and moderate​ long-term and​ short-term interest rates D. an economic environment in which investment in U.S. stock and money markets is encouraged The Federal Reserve Act says that the Fed must use​ ______ to achieve its objectives. A. bank reserves B. commercial banks...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT