Differences between federal deficit and the national debt

Reference no: EM133707926

Reflect on the differences between federal, state, and local government budgets. Why must state and local governments have balanced budgets? How would you describe the differences between the federal deficit and the national debt? What is a lump sum tax? What are the desirable and undesirable aspects of using a lump sum to pay to finance government expenditures? Explain why lump sum taxes will not cause any losses of efficiency. Under what circumstances can borrowing by state and local governments contribute to improved resource allocation?

Reference no: EM133707926

Questions Cloud

Article a leadership issue focused on the us government : Is there an article dealing with a current leadership issue focused on the US government or military, such as balancing state budgets and Veterans Affairs?

Are brazils expectations full-filled : What can we conclude about Brazil's participation in the BRICS? Are Brazil's expectations full-filled?

Difference between vice-president-nevadas lt governor : Compare and contrast the Nevada Constitution and the United States Constitution by analyzing and synthesizing material from The Sagebrush State.

Explain the modus operandi of espionage : Explain the Modus Operandi of espionage and describe what creates a successful espionage effort. Please provide a reference(s). Thanks!

Differences between federal deficit and the national debt : How would you describe the differences between the federal deficit and the national debt? What is a lump sum tax?

Discuss local government ordinances regulating : Regarding , the topic of local government ordinances regulating or prohibiting medicinal cannabis.

Do you think us policies should be concerning israel-hamas : What do you think U.S. policies should be concerning Israel and Hamas? Israel and Palestinians?

Examine the impacts of a global pandemic : Examine the impacts of a global pandemic and environmental disasters on the macroeconomic environment of nations in a globalized economy.

What are challenges within federalism structure for making : What are the benefits and challenges within the federalism structure for making decisions in American politics.

User Account

All Pages