The annual meeting of an industry association is coming up. The speaker has been asked to present a report on the current federal budget and fiscal policies in the US and how they will impact the speaker's selected industry over the next 2 years. The report must consider expansionary and contractionary fiscal policy, fiscal policies used to close recessionary and expansionary gaps, and the rationale for budget deficits. It must be at least 4 pages long (1,000 words) and apply economic theory to support conclusions about the industry's future, not just present textbook theories.