Are deficits shirking or rising? also Explain how budget deficits affect long-term interest rates?

Question

Go to http://www.gpoaccess.gov/eop/index.html and under Quick Search, type: "Government Finance" (it's faster if you cut and paste "Government Finance") and click on submit. Under the heading, [Econ. Rpt. of the President] GOVERNMENT FINANCE, click on the PDF file, and save it on your computer.

You're going to need to have an Adobe Reader to view the PDF file that was saved. If you do not have an Adobe Reader go to http://www.adobe.com/downloads/ and download version 7.0. After studying the Government Finance document from the Economic Report of the President, 2006, answer the following questions

Answer 1

Deficits are growing in all nations.. espcially in the U.S. As the deficit increases and there is more debt, interest rates will increase in an effort to raise more money to cover debts and to hopefully discourage more spending which ultimately creates more debt.

Answer 2

long question honey bunny!!!!!!!!!!