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Day 2 | Government Spending | Fiscal Policy Unit Plan Walkthrough

Join Professor Matt Hill as he walks you through the classroom slides of Day 2: " Government Spending" from MRU's free "Fiscal Policy" unit plan. Get the unit plan here: https://mru.io/s0o Learning Objectives: Identify and describe the major components of the US federal budget, including mandatory spending, discretionary spending, and interest on the debt. Recognize and compare the primary areas of expenditure, such as defense, social security, healthcare, and interest. Identify historical trends in US defense spending. Understand what constitutes national debt and how it differs from budget deficits. Assess the current size of the US national debt and place it in a historical context. Compare US government spending and debt levels with those of other countries. Assess the sustainability of the current national debt and its potential impact on future economic stability.