ASSISTANCE NEEDED PLEASE HELP WITH THE FOLLOWING: As to the federal budget, this nation has long maintained a deficit – that is, that government spending has exceeded tax revenue. In only a couple of years in the last fifty or so has the government actually received a surplus – a condition in which tax revenues exceeded government spending. So while many states can and do maintain surpluses, this is something very unusual in the recent history of federal fiscal policy. However, the debate rages on as to how serious a problem this condition is. Since the government typically funds its deficit spending through borrowing, and given that the government has not really had any difficulty at all in borrowing, some argue that the problem is not as severe as one might think. Others, though, feel that at some point, the government simply cannot continue to add more debt to an already very-burdened national economy. What are all of your thoughts on this issue of continual government borrowing?