Discussion:
1.The U.S. Federal Budget debt exceeded GDP in 2013. The U.S. deficit reached $1.02 trillion, accumulated debt totaled over $17 trillion, and GDP reached $16.6 trillion. Net interest on the national debt is up to $246 billion per year. Use the U.S. Federal Budget excel sheet to
Create a plan for a revised U.S. budget. Specific focus areas include the following:
• Describe your general strategy with respect to creating a more balanced budget.
• Describe specific areas that you propose to increase and decrease as part of your revised budget plan.
• Describe anticipated concerns that other economic and community leaders might have with your proposed budget.
Defend and support your budget proposal against possible detractors. (between 300 words to 1000 words)