You will participate in the Discussion Board in each lesson of the unit. You can respond to the original question, and you can reply to others'comments. By the end of the unit, you will need to have posted at least 10 comments. Please refer to your teacher for more information onexpectations for each post and for extra help.At $439 billion, the 2015 deficit constituted the smallest since 2007, and at 2.5 percent of grossdomestic product, it was below the average deficit (relative to the size of the economy) over the past50 years.However, the large deficits recorded during the most recent recession and subsequent weak recoverysubstantially increased federal debt--in 2015, debt reached 74 percent of GDP, slightly less than theratio in 2014 but higher than in any other year since 1950.Such a high level of debt could have serious negative consequences for the nation, including restrainingeconomic growth in the long term, giving policymakers less flexibility to respond to unexpectedchallenges, and eventually increasing the risk of a financial crisis.in 2015, the US government brought in $3.2 trillion in revenue. this revenue come from US taxpayers like you and me. however, the same chart illustrates that the government spent $3.7 trillion, resulting in a near $500 million deficit?. some experts argue that the best solution to reduce budget deficit is to raise taxes especially on wealthy individuals. This will result in the US government receiving more revenue. Other argue that the answer is to cut spending especially on wasteful expenditures and unsuccessful government programs?. before you check the dec conclusions think about some of the issues our country has experienced in the past and the issues we are currently experiencing. She's aside and defend your argument with at least three specific supporting ideas.

Net Interest 1.3% of GDP $224 Billion Corporate Income Taxes 1.9% of GDP Individual Social Security $344 Billion Income Taxes 8.7% of GDP 5.0% of GDP Defense 3.3% of GDP Discretionary $1.5 Trillion $882 Billion $582 Billion Spending 6.5 % of GDP $1.2 Trillion Payroll Mandatory Spending Spending (Social Insurance) Taxes Revenues 12.9% of GDP 6.0% of GDP $1.1 Trillion $2.3 Trillion Nondefense Medicare $3.7 Trillion $3.2 Trillion 3.3% of GDP 3.0% of GDP $583 Billion $539 Billion Consists of payroll taxes that fund Medicaid Other social insurance programs, primarily 2.0% of GDP 3.0% of GDP Social Security and Medicare's Hospital Consists of Medicare $350 Billion $528 Billion Insurance program spending minus income from premiums and other Other offsetting receipts 1.7% of GDP $299 Billion Consists of spending on unemployment compensation, federal civilian and military retirement, some veterans' benefits, the Consists of spending on certain programs earned income tax credit, the Supplemental Nutrition related to transportation, education, veterans" Consists of excise taxes, estate and gift taxes, Assistance Program, and other mandatory programs, minus benefits, health, housing assistance, and other customs duties, receipts from the Federal income from offsetting receipts activities Reserve, and miscellaneous fees and fines Mandatory Discretionary Net Interest Revenues CATEGORIES of Spending Spending Consists of the government's Consists of funds collected Consists primarily of benefit the BUDGET Consists of spending that interest payments on debt held from the public that arise from programs for which laws set lawmakers control through by the public, offset by interest the government's exercise of eligibility rules and benefit annual appropriation acts income the government receives its sovereign powers formulas