Question

Assume The Government Is Running A Budget Deficit. Should The Government Raise Taxes To Balance The Budget? Should The Government Decrease Spending To Balance The Budget? What Are The Pros And Cons Of Each Action?

Answer 1

I personally think that both would be a good idea. It also depends on how bad the budget deficit is. if the government would raise taxes by like 1% it wouldn't be to bad. they could also not give as many funds to things that arn't important like maybe a science investigation that isn't very useful. but if they would decrease spendings on, for exaple medicare that would effect people in a not so good way. but if they raised taxes too much it could also effect people badly. hope this helped