Write a 1,200 word paper in which you:
- Define budget deficits. Discuss the 2015 National Debt and how that equates to each American family.
- Identify the elements for a balanced budget. Describe the tools used to implement and control a Federal budget.
- Discuss discretionary spending, and how it has increased over the past 20 years.
- Analyze “entitlement programs” and discuss who benefits from, and who pays for these programs.
- Identify which program drives the National Debt and explain how it will change federal spending over the next 10 years.
- Provide an example of government waste and recommend a remedy for ending the discretion-abuse-control cycle of government borrowing and spending.
Format the paper consistent with APA guidelines.