Describe national budget simulation

between one and two pages, will pay for two if needed… Work through the National Budget Simulation in an effort to achieve a budget deficit of $1108 B dollars. Scenario: the president of the US has been elected on the promise of fiscal responsibility. By law he cannot reduce the net interest paid on the debt. The presidents budget is projected to leave the country with a $1100B deficit. The US is subject to global security concerns. At the same time, a lingering recession and financial markets rescue package reduces the governments tax revenues and forces the government to increase its spending on unemployment benefits, welfare, housing assistance, food stamps and other need based programs. Because of the increased spending and reduced revenues, the nation falls into a projected deficit of nearly ??? (this is the first piece of information you need to find) the president is committed to keeping his campaign promises in order to avoid future crisis over the US’s financial standing. He must raise taxes , cut spending or a combination of both to stay within his new guideline of a deficit below $1100 B. Since the simulation is using 2012 numbers, start off with actual numbers just to inject a sense of reality into this discussion. Research this information from a reliable source and begin your analysis with what you found. Detail your choices for cuts and spending. Finally analyze the effect your choices will have on the economy. also use :I am also including an additional resource for your analysis and scenario-reporting from the Congressional Budget Office’s Options for Reducing the Budget Deficit (Links to an external site.)
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