Fiscal Policy Paper Essay Example | Topics and Well Written Essays - 250 words

Fiscal Policy Paper - Essay ExampleThe huge deficits and debts the US is experiencing are attributable to the increased unbudgeted spending in diverse sectors that include Social security and insurance policy scheme for the disabled. The increased expenses in the sectors have made the nation face serious financial challenges collectable to the increasing deficits and debts with minimal surpluses (Whitehouse, 2010). The extreme economic conditions explain why the future social security and Medicare users should enshroud themselves to challenging times ahead.Indeed, taxpayers in US that include Medicare and social security users have been feeling the molecule of the US economic situation. The increase in overspending has created an imbalance in the economy that in turn is lead-in to the utilization of the available resources in the sectors in financing other activities. The use of the resources has reduced the amount of bills available to facilitate effective service sales talk. The unfolding events have resulted in inferior service delivery in the sectors, lack of medical equipments in hospitals, unemployment, and reduced social cover (Whitehouse, 2010). In particular, the taxpayers no longish receive standardized service as before in a timely manner. The level of reactivity to their issues is also worrying lately. Variably, the meltdown has forced job cuts in various institutions providing Medicare and social security services thereby compromising service delivery. Is because there is limited finance that can be used in sustaining quality service delivery as expected in the sectors.The surplus amount obtained can be used to support the ailing sectors in a bid to bridge the gap created by the deficit, as the government may deem necessary. The move can help in correcting the financial imbalance that may lead to the economic recession if not