ECO 450 week 1 DQ 2

"Government Expenditures" Please respond to the following:

•Suppose the federal government balanced the budget and no longer ran a deficit. Speculate how this would affect interest on the federal debt. Justify your response.
•Evaluate the impact of an aging population on state and local government expenditures. Suggest strategies that government should take in dealing with this situation. Justify your rationale.