3) Read the following two article from the Novermber 19, 2009 issue ofArticle 1: “Dealing with America’s Fiscal Hole”http://www.economist.com/node/14915152Article 2: “America’s Fiscal Deficit: Stemming the tide”http://www.economist.com/node/14903024/printUse what you learned from these articles to answer the following questions. Please explain your answers fully and use insights from the articles to support your answers.a) Why is it important for the Obama administration to clearly lay out a plan showing how they intend to deal with America’s long term fiscal problems? Specifically, how might lack of clarity affect buisness confidence or intrest rates?b) The article argues that “America’s deficit problem is in essence a spending problem”. Briefly outline three ways the article suggests to bring down spending.c) What percentage of total outlays are devoted to non-defense discretionary spending?