I want you to consider three points related to that article:

  1. How has the composition of government spending changed since the 1960’s?  Support your answer with examples from the article. (One paragraph)
  2. 2. Then explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending. In your answer, be sure to define the terms ‘consumption’ and ‘investment’ (see next slide) (One paragraph)
  3. Explain how the changing pattern of government spending affects the real economic burden of the national debt. (See the Budget Deficits and the Public Debt powerpoint. (Two paragraphs)

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