What are the implications of a government budget deficit


Problem

I am holding a discussion using a public finance point of view regarding the Dallas Texas budget but I am unable to find any information on the following:

1) What are the implications of a government budget deficit or a budget surplus for your state or local government?

2) How does the high-employment deficit or surplus differ from the actual deficit or surplus?

I appreciate the help, I need to provide good examples and support for this when I am speaking. I have all my other portions covered but are unable to find this. If you have a source to share that would be great as well, thank you.

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Microeconomics: What are the implications of a government budget deficit
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