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VIDEO SUMMARY Currently, all governments develop budgets to help them plan revenues and the amounts and direction of expenditures. The federal government has full-time executive and legislative offices that work only on the budget, resulting in increased federal spending since World War II. There are several ways in which the federal budget can be balanced. VIDEO OBJECTIVES - Explain how the federal budget is developed - Identify what role deficit spending plays in the economy - Describe the methods the government can use to balance the federal budget HIGH SCHOOL SOCIAL STUDIES CONTENT EXPECTATIONS (MI) - E.2.2: Role of Government in the United States Economy (2.2.1, 2.2.2) WEEK 9 RESOURCES Instructional Video Notes for Economics :: Week 9 - http://goo.gl/dkYgg Quizlet flashcards for Economics :: Week 9 - http://quizlet.com/_7pwfm Information and illustrations, where applicable, are used under 17 U.S.C. § 107 (fair use in teaching and for educational purposes) from Holt Economics (Holt Rinehart & Winston, 1997)