Boccia College Essays Samples For Students

The United States Congressional Budget Office (CBO) projected that in 2016, the budget deficit would increase to $544 billion after six years of gradual decrease. The same report stated that American taxpayers were expected to pay a total of $3.38 billion dollars in 2016. Both the deficit and the amount of money coming from taxpayers were projected to increase in the coming years. Given these startling facts, it is fair to wonder where the federal government allocates the billions of dollars in revenue it receives every year. Significant policy areas like the military and the healthcare sector have garnered ...

Introduction

The U.S. is moving ahead on a dangerous budget path. With the current spending and debt already treacherously high, the future debts are expected to rise even higher. It is certainly a serious matter when public debt is expected to reach 90 % of GDP (Boccia). The implications would be severe as the larger debts would increase interest rates, horde private investment and raise price inflation. U.S. policymakers should take lessons from Greece and Japan to avoid a fiscal crisis and economic stagnation that occurs due to public debt overhang. Growing federal debt in U.S. could lead to a sudden fiscal crisis, and this ...

Introduction

Lately, the United States has been trending on a wrong path occasioned by their current budgetary hurdles. The current federal spending and debts are considered to be too high that it will take numerous generations to clear the debt. This is further complicated by the projections given on future spending and debts. The spending and debts are projected to rise by more than two-fold, largely due to increased entitlement spending. It is, therefore, clear that the current American economy will lead to the stagnation of future generations. A variety of academic research has pointed to the likelihood of the United ...