Thursday, November 21, 2013

Fiscal Policy

Ever since in class we have been learning about fiscal policy, it got me thinking of how messed up the budget was, that the deficit would only get bigger and bigger. But, in the news relatively the United States has been getting better financially being the expansion part of the cycle. It seems that the only way public outlook will get better is if there are massive reforms to the budget, mainly on military spending and discretionary spending. I still don't get the reasoning on why military spending is as large as it is, consisting of around 528 billion. This could be used for more important things such as education or the research department of the budget having less then 1 percent of what the budget consists of. It just seems that the money is going to all the wrong places.

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