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Budget and effect on economy

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Name effects of the current budget of the nation on the economy.

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The expert describes the budget and its effects on economy.

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This is a question that could have so many answers and go into so many different aspects of the financial industry and the government's budget. I will just hit on some of my favorites.

The current budget of the United States is running at a deficit. That means that in order to continue to do the things that we do collectively as a nation, we have to borrow money. We do not self sustain based on the revenue that the US government currently generates. Because we operate at a deficit, while we have always made our payments to our creditors, we are seen by some ...

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