One of the reasons that many countries have large government budget deficits is because there are only 2 ways to reduce a budget deficit: raise taxes or reduce government spending. Taxpayers are never happy to hear about tax increases, and those receiving money from the government don?t want their own benefits to be cut. Thus, having high deficits is usually the easiest political solution. How do you think the government should reduce its deficit? Be specific with your suggestions (for example ? military pay cuts, or higher gasoline taxes).
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