Macroeconomics

Macroeconomic ChoicesIntroductionThe fiscal position for the next year depends oftentimes on the course of healthcare -costs . This years expenditures and revenues have been adversely affected by real dry landand financial markets . Military trading operations in Afghanistan and Iraq will continue to costthe country . Hurri squirte Katrina cost the US 16 billion dollars in the year 2007The following is the entropy regarding Federal BudgetCBO estimates : 2008 2009 ( Billions of Dollars RevenuesThe the fiscalyears 2008 and 2009 .

The major sources of Federal revenues areIndividual Income TaxCorporate Income TaxSocial Insurance TaxesExpendituresCBO estimates that the expenditure would be 20 percent of GDP for the next 10 yearsFederal expenditures can be classified as mandatory and discretionaryMandatoryMedicaid and MedicareSocial securityDiscretionaryDefense : Iraq and Afghanistan wars war on terrorismNon-defense : Loans , social service and insuranceInterest outlays and national debtThe debt held by the public in the years 2008 was 5 ,163 billion dollars . It isexpected to rise to 5 ,392 in 2009 . Thus the debt will remain more or slight the sameEconomists and market experts project a slow economic maturement . It is a matter of concernbut not of alarm . The real estate and turbulent financial markets are expected to recoverThe budget in the long runThe deficit is going...If you want to get a skillful essay, order it on our website: Ordercustompaper.com

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