Answer to Question #32132 in Macroeconomics for kyron regis

Question #32132
Should the federal government always balance its budget? Why or why not?
Expert's answer
Yes, the government should balance its budget,because the federal government spending is mainly composed of the costs of
maintaining the level of income and national defense, while spending on
education, health care, construction of highways, etc. prevail at the level of
states and governments at the local government level. All these spheres are a
vital part of human life. Thus, federal government finances its activities
through personal income taxes, corporate income taxes and payroll, and state
and local government generally receive funds through sales and property taxes.

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