Current Event Discussion

The US budget deficit has been increasing over time, but faced with the prospects of government shut down politicians argue their cases on the need to cut spending. Politicians and policy makers agree that the American economy would suffer in the long- term if there is no action to reverse the trend of increased budget deficit. However, legislators across the political divide have divergent views on the way of spending cuts. On one hand, Republicans would want an extension of Bush tax cuts, and a decrease in social welfare financing by the federal government. On the other hand, President Obama and some Democrat want a…