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Minimum 150 words. This is a discussion question, not a paper, per se. Cite all work.

a. What is the Budget Deficit? Is it dangerous?

b. Which was the budget deficit since 1950 (the Federal Reserve website is one place were you can find data)? You can also see the Congressional Budget Office website.

c. Do you expect Budget Surplus or Deficit in year 2017? Why?

d. The President has indicated that the Military expenses will be increased in 10% (around $ 50 billion) and that savings from other Government agencies will be reduced in the same amount. Is that possible? Can be done legally or laws have to be changed? Does the Congress agree to these proposals?

e. Which are the economic consequences of the budget deficit. Which are the winners and losers?

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