Should the government always balance its budget?

One of the widely debated issues in macroeconomic policy is related government budget, which involves government spending and taxes.

  1. Should the government always balance its budget? If you think it should, what steps do you suggest that it should take to balance its budget?
  2. What is the relationship between budget deficits and national (public) debt? Why has the USA national debt been increasing for decades?

Latest Assignments