ECO 372 Week 5 Learning Team - Fiscal Policy Paper

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Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an effect on the following:

• Tax payers
• Future Social Security and Medicare users
• Unemployed individuals
• University of Phoenix student
• The United State’s financial reputation on an international level
• A domestic automotive manufacturing (exporter)
• An Italian clothing company (importer)

Write a 750- to 1,050-word paper summarizing the results.

Learning Team Fiscal Policy Paper
Budgeting allows the United States to allocate funds during a complete fiscal year. A surplus is the result of generating more revenue than planned while a deficit is what was spent in excess of what is taken in. Currently, at over 16 trillion dollars and counting, the United States deficit, surplus and debt have had an effect on many areas.
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