Federal Budget Deficit

Topics: Tax, Public finance, United States public debt Pages: 4 (1337 words) Published: April 16, 2013
Excessive Borrowing: Our Federal Government's Budget Deficit
Maria comes home one day earlier than usual. Her family, two daughters of age five and eight and a stay-at-home husband, is surprised to see her so early and unexpectedly. The tired look on her face reveals the experience she had at work. She brings out a sluggish smile as her daughters rush up to greet her with their warm embraces, reminding her of the happiness they constantly provide but also saddened by their questionable future. Quietly, she sits down in front of her anxious spouse as he patiently awaits the news, sensing the tension in the air.

Many people like Maria face the ultimate doom of losing the only method they can gain family income, especially in homes where only one spouse is employed. Laying off workers is the government's "plan" for reducing America's deficit. Of course, getting rid of the executive CEO whose company had a rough year would be bad because we all know not to bite the hand that feeds you. The federal government is planning on making the gap between revenue and borrowing smaller by making cuts here and there throughout certain interests of America. This makes sense because in all economic situations, if you are spending more than you have, then you either need to cut back on how much you spend or manipulate ways to increase revenue.

Cutting military spending has been big in debate whether as to reduce our defenses or not. Many people speculate that military cuts are sound in reducing the deficit because it is too large for us to afford today. It is overlooked that we have been dropping our armed forces significantly over several decades since the early 1980s, from 2.1 million to 1.4 million in 2010 (Samuelson). The resulting savings of lowering military spending would be little, since there isn't much else to cut from the already reduced forces. If our national security is a large concern, especially after 9/11, then why expose both troops and citizens at risk...
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