If the U.S government decides to decrease the budget deficit in the future, it could raise taxes, decrease Social Security payments, or reduce health care spending.
<h3>What is budget deficit?</h3>
Budget deficit refers to the difference between all the receipts of the governement and expenses made by the government in both revenue and capital account of it.
Budget deficit arises when the total expenses of the government exceeds the total revenue.
Basically, budget deficit is situation when the government spends more money than it receives through taxation.
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