Suppose the media report that the federal deficit this year is $200 billion. The national debt was $5,000 billion last year, and it is $5,200 billion this year. The price level this year is 3 percent higher than it was last year. What is the real deficit?

Who prepares and passes the federal budget?     The President and Congress   State Legislatures   The President   Congress

If a government shows the fiscal deficit of $ 40,000 billion the revenue expenditure on the interest payment is  $12000 billion how much is the primary deficit?

Look into the current level of the national debt and the federal deficit in the U.S. Pick any government program and research how much the U.S. spends on it. Does the amount surprise you? What might happen if the budget for the program were increased or reduced? Should the current deficit and debt be cut down? What would be some pros and cons of reducing them?