The president means deciding what would be funded and what would be cut.
The goal is to have a balanced federal budget. the government spends a sum of money the same as that which is accrued in revenue. The authorities can increase revenue thru expanded taxing, borrowing money, or growing cash. All 3 selections have poor results, creating money can lead to inflation.
These financial policies fall into growing government spending and cutting taxes. If the government increases spending/shopping for it increases outputs and creates jobs(increases combination demand), causing prices to rise.
Government spending increases aggregate demand which causes costs to rise. In step with the regulation of delivery, higher charges encourage extra production. To do this, extra jobs are created. An increase in demand results in decreased unemployment and expanded output.
Your question is incomplete. Please read below to find the missingg content.
"Meeting the spending targets in this budget meant some very difficult choices."
President Barack Obama,
2012 Budget Message of the President
Read the passage.
What did the president mean when he said he had to face "very difficult choices" when creating a federal budget?
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