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Essay

U.S. Budget Deficit - Good or Bad?

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Issue:

Book Reports

 

Written by:

William M

 

Date added:

June 7, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 264

 

Was viewed:

1088 times

 

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Essay content:

The only times a budget deficit existed during these first 150 years were in times of war or other catastrophic events. The Government, for instance, generated deficits during the War of 1812, the recession of 1837, the Civil War, the depression of the 1890s, and World War I. However, as soon as the war ended the deficit would be eliminated and the economy which was much larger than the amounted debt would quickly absorb it...
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However, as soon as the war ended the deficit would be eliminated and the economy which was much larger than the amounted debt would quickly absorb it. The last time the budget ran a surplus was in 1969 during Nixon's presidency. Budget deficits have grown larger and more frequent in the last half-century...
displayed 300 characters

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