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Essay

Budget Deficit

Essay specific features

 

Issue:

Business

 

Written by:

William B

 

Date added:

August 13, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 931

 

Was viewed:

9323 times

 

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Essay content:

The significant expansion in the deficit is the result of a substantial increase in spending and a halt in revenue growth. In 2008, CBO estimates, federal spending will be 8.3 percent higher than it was in 2007; at the same time, total revenues will be less than they were in 2007. According to CBO's forecast, deficits will hit $431 billion in 2010 and then start falling...
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According to CBO's forecast, deficits will hit $431 billion in 2010 and then start falling. But the government would run a deficit of $126 billion in 2012 and grow to $147 billion in 2013. The projections assume Bush's tax cuts will expire at the end of 2010 as scheduled under current law. Problem statements: 1...
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