What did the president mean when he said he had to face “very difficult choices” when creating a federal budget? A. deciding which country to borrow from to finance spending
B. deciding what would be funded and what would be cut
C. deciding how to keep interest rates low on the national debt
D. deciding how much to increase tax rates
The correct answer is B. deciding what would be funded and what would be cut.
When the president talks about facing “very difficult choices” in creating a federal budget, he is referring to the need to prioritize spending. This involves determining which programs or initiatives will receive funding and which ones may need to be reduced or eliminated due to limited financial resources. Budgeting decisions are often challenging because they require balancing the needs of various sectors, such as education, healthcare, defense, and infrastructure, against available revenue.