Problem
i. Identify the year in which mandatory spending was (projected) to be less than discretionary spending, based on the data.
ii. Describe a trend in discretionary spending over time-based on the data.
iii. Explain how deficit spending impacts the overall federal budget.
iv. Presume that a bill changing the retirement age for social security benefits from 62 to 65 is passed through Congress and signed into law by the president. Explain how the bill would affect the total federal spending in the future.