Balanced Budget
Thomas Jefferson stated, "I place economy among thefirst and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt" (Grinsburg 1). This quote illustrates the importance of maintaining a balanced budget; therefore, it is necessary to stand firmly resolved that the government should balance its budget. Three main arguments uphold this premise. They are as follows: 1. It is feasible for the government to balance the budget, 2. A budget deficit harms the United States through creating a trade deficit and increasing the national debt, 3. A balanced budget would benefit the United States by providing extra funds for social programs, tax cuts, and Argument 1: It is feasible for the government to balance its On of January 7, 1998, the U.S. Congressional Budget Office released a budget forecast that "shows the federal budget to be in effective balance, with a projected deficit of just $5 billion this year-a trivial percentage of an estimated $8.5 trillion gross domestic product" (Bartlett 8). The government was able to balance the budget without
to the U.S. Treasury Department, "federal revenues are up discretionary budget for the current fiscal year" (Hatch drastically. People are living longer, putting an even overseas, which inevitably resulted in a trade deficit" would shrivel the government's interest costs-which are an enormous amount of money on interest alone, it is wise according to administration projections" (Brownstein 1). Even worse, the demographics of the U.S. are changing
Some common words found in the essay are:
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Approximate Word count = 1719
Approximate Pages = 7 (250 words per page double spaced)
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