Write a short essay on the U. S. federal budget and the causes and effects of the current budget deficit. Your essay should address the following points: a. Briefly describe the relationship between the U. S. government's fiscal policy and the federal budget.
b. Explain the difference between mandatory and discretionary spending, and provide two examples of each.
c. Explain the actions that the U. S. government takes that can both raise and lower its budget deficit.
d. The United States continues to operate on a budget deficit. Explain some of the challenges the country faces as a result.