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Federal spending and levels of taxes impact the growth of the economy. Economic growth is important for the United States to maintain leadership. Government borrowing will soak up private savings that could potentially be invested in increasing worker productivity.

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The federal budget is an itemized plan for the once-a-year public prices of the United States. It is used to finance numerous federal expenses, starting from paying federal personnel to dispersing agricultural subsidies to purchasing U.S. army equipment.

What do you think the federal budget reflect?

Our elected leaders satisfy their constitutional responsibilities, sign their coverage priorities, and control the federal purse through their financial choices.

The finances display their choices to tax and spend, to borrow and lend, and to eat and invest.

Thus, The federal budget is an itemized plan for the once-a-year public prices of the United States.

Learn more about Federal Budget here:

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