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Essay

U.S. Budget-economics

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Denis H

 

Date added:

July 31, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1608

 

Was viewed:

10137 times

 

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Essay content:

When the U.S. government came into existence and for about a 150 years thereafter the government managed to keep a balanced budget. The only times a budget deficit existed during these first 150 years were in times of war or other 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...
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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. In the 1980s they soared to record levels. The Government cut income tax rates, greatly increased defense spending, and didn't cut domestic spending enough to make up the difference...
displayed 300 characters

General issues of this essay:
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