Use any data on the Debt clock to analysis, support or refute your classmate. For example, how would employment, consumer debt or housing values (or anything else on the clock) be affected. Use the concepts in the chapter to justify your answer. Don't forget to provide new or additional information your classmate did not offer. No credit is given for replies to a classmate that are mere agreement, acknowledgement of a good job or simple regurgitation of what the original poster said. https://www.usdebtclock.org/

1. "I believe that since the US's Income comes from taxes. They should be required to balance the budget every year with a few exceptions such as war time. This is because the people are paying for government spending. Additionally, looking at the clock it is clear to see that debt is still rising this is due to increasing levels of government spending. Balancing that money may prevent further debt from accumulating. But if the governments "balance" runs out I feel like there would be drastic consequences for the economy as a whole."

2. "I think regulation of the tax budget should be balanced by the US government. I feel that naturally without assistance many individuals fall short of Paying the correct amount in taxes. This is where agencies and companies benefit from assisting with helping citizens pay their taxes on time. However, if though assistance is in place this comes with a price as you'd have to pay a percentage to have this done. I feel like, any other business this could be profitable for them however overall, as a whole we are falling behind on making this happen as people acquire debt over time from lack of paying taxes this ultimately affects the nation as a whole in the end. Other than taxes the poor handling of money as whole is as large problem it appears leaving the U.S with trillions of dollars of debt to show for it. I believe we could benefit from a budget. "