U.S. Budget DeficitYou must participate in this extra credit opportunity by the date stated on the...

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U.S. Budget DeficitYou must participate in this extra credit opportunity by the date stated on the Calendar of Activities in the Syllabus.In order to receive full credit for this discussion, you need to postan answerof at least 100 words to the main questions below.Background and Link:https://www.cnn.com/2018/10/15/economy/us-budget-deficit/index.html(Links to an external site.)The above CNN article uses BEA data to graph the relationship between federal spending and revenues, a topic discussed in Module 6.Discussion Questions:What is your reaction to this article, and particularly the graph? What impressed you the most, and does the graph make you think differently about anything? You are encouraged to search other sources, in particular articles that include time series graph capturing the budget deficit trend in the US in the last couple of decades.

Dr. Smita · Accepted Answer

U.S. Budget Deficit
The situation is definitely a warning bell for the US economy. It’s been a decade since the US faced a severe economic crisis because of over debt and the fall of Wall Street. Many renowned economists have already warned about the upcoming crisis in the US in the next few years if the economic stabilization is not in place. The severity of the article intrigued me to read more about the situation. I have read the articles and reviews given by Raghuram Rajan,

U.S. Budget Deficit You must participate in this extra credit opportunity by the date stated on the Calendar of Activities in the Syllabus. In order to receive full credit for this discussion, you...

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