Less Debt Can Help People

The United States has a big budget problem. The government spends too much money. This is the federal budget deficit. The deficit is about two trillion dollars. This is a lot of money. The Committee for a Responsible Federal Budget is a group. The group studies money and laws. The group has a new report. The report is about the deficit. The report says the government can help people. The government can change tax laws. The government can change spending laws. These changes can help families. The report says the deficit makes inflation high. Inflation is when prices go up. High prices are bad for families. The report says the deficit makes interest rates high too. Interest rates are the cost of money. High interest rates are bad for people. The government can reduce the deficit. This action can help. Lower deficits can make inflation go down. Lower deficits can make interest rates go down. This is good for families. The report says fiscal policy is important. Fiscal policy is how the government spends money. The group says fiscal policy can help with costs. The group says the government should be responsible. The government can stop future money problems. The report says the government can protect Social Security. The report says the government can protect Medicare. These are important programs for people. The government has many choices. The government can choose to spend less money. The government can choose to change taxes. These choices are hard. But these choices are good for the economy. The economy is the system of money. A strong economy is good for everyone. The report is clear. The government has a role. The government can make life better for Americans. The government can do this by reducing the deficit.