The Impact of U.S. Fiscal Policy: Deficits, Surpluses, and National Debt on Key Sectors and the Economy

Name: The Impact of U.S. Fiscal Policy: Deficits, Surpluses, and National Debt on Key Sectors and the Economy
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Author: Ava Martinez

A macroeconomic analysis of U.S. fiscal policies and their effects on different sectors.

Ava Martinez

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Fiscal Policy Paper
Fiscal Policy
Team C
Explain the impact of the United States' deficit, surplus, and national debt on various sectors,
such as taxpayers, Social Security and Medicare users, the automotive industry, and the global
economy. Additionally, how can these fiscal challenges affect students, unemployment rates, and
the Gross Domestic Product (GDP)? In your opinion, what policies or strategies should the
government implement to address these issues?
Word count requirement: 600-800 words.

Fiscal Policy Paper
The United States Fiscal Policy
The economy of the country has a great effect on many aspects of the lives of its citizens.
The United States’ economy has gone through different stages from deficits and surpluses to a
large debt. These can affect people in various ways. This paper will focus on the United States’
deficit, surplus, and debt and how it affects taxpayers, future Social Security and Medicare users,
unemployed individuals, University of Phoenix students, the United States’ financial reputation
on an international level, a domestic automotive manufacturing exporter, an Italian clothing
company importer, and the Gross Domestic Product (GDP).
Taxpayers
The United States’ deficit, surplus, and debt effect taxpayers greatly. The deficit affects
taxpayers because when the country is running a deficit it means that the supply of money is low.
The taxpayers are called upon to alleviate the low supply of money that the government uses to
run. A surplus affects taxpayers because even though the country may be running a surplus and
taxes decrease, they are still there. The citizens of the country will still be required to pay taxes
even if there is a surplus. The country’s debt affects taxpayers the most because it is the tax
revenue that is used to pay off the debt that the country has gotten itself into.
Future Social Security and Medicare users
The United States Federal deficit is the result of government spending greater than revenue
received for that year. Each year, the deficit is added to the debt gets bigger because it adds the
money that the federal government loans to itself every year. One of these loans is the money
that comes from the social security trust funds, which is took in the form of government account
securities. These types of loan do not affect the government deficit because they are within the

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Subject

Economics

The Impact of U.S. Fiscal Policy: Deficits, Surpluses, and National Debt on Key Sectors and the Economy

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