(a) A balanced budget is a budget with equal revenues and expenditures.
(b) Federal entitlements are guaranteed benefits for people who meet requirements.
(c) One entitlement is social security. Because it is guaranteed no matter how large our governments debt is they have to provide this entitlement, which puts us in more debt because we spend even more money that we don't have. This puts a barrier on the federal government achieving a balanced budget because entitlements make us spend more than we have.
(d) A consequence of a large budget deficit is that we won't have money for government funded programs that are not entitlements.
(e) The GDP for 2013 is 16,335, it is projected we will spend 3808 billion dollars and take in 2902 billion making the deficit 901 billion. In 2012 our revenue was 2469 bil. and we spent 3769 bil. making the defecit 1327. http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/tables.pdf
(f) Our nations total nation debt is about $16,532,994,976,487 and counting. http://www.usdebtclock.org/
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