Should be at least 5 paragraphs w/ references and in text ci

Should be at least 5 paragraphs w/ references and in text citation Discussion: Balanced Federal BudgetsEconomists differ in their ideas about using governmentspending to stimulate the economy. Some economists follow Britishpolitical-economist John Maynard Keynes in advocating increasedgovernment expenditure to stimulate the economy when it is in recession.In their view, the federal deficit will decline when the economyimproves. Others favor allowing market forces to restore equilibriumwhen the economy is in recession. They believe that the deficit stifleseconomic growth and prosperity.You can learn the policy preferences of a city, county,state, other government agency, or a non-profit organization byanalyzing its budget. The budget is a plan for allocating the resourcesrequired to provide specific services and address strategic priorities.For this Discussion, review this week’s LearningResources and focus on the implications of the federal deficit on apublic and non-profit organization. Then, select a position either foror against a balanced federal budget. Consider whether the gap needs tobe closed or whether there are legitimate reasons for borrowing.With these thoughts in mind:By Day 4Post a description of your position ona balanced national budget. Justify your position for or against abalanced national budget by explaining the gains and losses associatedwith your position.Be sure to support your posting and responses with specific references to the Learning Resources.Required ReadingsMikesell, J. L. (2014). Fiscal administration: Analysis and applications for the public sector (9th ed.). Boston, MA: Wadsworth.Chapter 3, ‘Federal Budget Structures and Institutions” (pp. 90–143)Chapter 4, ‘State and Local Budgets” (pp. 152–173)Chapter 5, ‘Budget Methods and Practices” (pp. 178–218)Chapter 6, “Budget Classifications, Systems, and Reform: Trying to Make Better Choices” (pp. 240–292) Government Finance Officers Association. (2014). Distinguished Budget Presentation Award Program (Budget Awards Program). Retrieved from http://www.gfoa.co/sites/default/files/BudgetDetailedCriteriaLocationGuideFY2015.pdf Optional Resources Mucha, M. J. (2012, Oct). Budgeting for outcomes: Key findings from GFOA Research. Government Finance Review, 47–49. Retrieved from http://www.gfoa.org/budgeting-outcomes-key-findings-gfoa-research

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