0
The federal government practiced deficit financing. That is, it spent more than it took in each year and borrowed to make up the difference. The government relied on deficit financing to deal with the Depression of the 1930s, to raise money for WW2, and to fund wars and social programs over the next several decades. In fact, the government's books did not show a surplus (more income than spending) in any year from 1969 to 1998. As a result, the public debt rose year to year to more than $5.5 trillion at the beginning of fiscal year 1999.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What debt relief options are available?
Fortunately when it comes to debt relief there are nearly as many options as those that lead to the debt. Some of the websites you can visit include Freedom Debt Relief, Best Debt Relief, and Debt America.
What can lead you to ending up with unmanageable credit card debt?
owning money back from loans.
Which of the would be most likely to lead to a successful IPO?
...something during a bull market APEX ANSWERS :) a history of debt
What is the definition of cash outflow?
Cash outflow: when cash goes out of your business or account. for example: purchase of machinery will lead to cash out flow or sattlement of any debt witll lead to cash outflow.
When is it appropriate to consolidate your credit card debt?
It is appropriate to consolidate one's credit card debt when one feels that one's spending is out of control. For example, one might be unable to make one's monthly payments on a credit card, which could eventually lead to one's acquiring a bad credit rating.
Does the federal deficit add to the federal debt?
A budget deficit can lead to more borrowing thereby impacting on the national debt
What are effects of deficit spending?
Deficit spending will ultimately lead the country further and further into debt. It is impossible to spend money that you don't have.
What are the implications of a budget deficit for US citizens?
Deficit spending will ultimately lead the country further and further into debt. It is impossible to spend money that you don't have.
Beyond certain point deficit financing will certainly lead to?
inflation, b) deflation c) recession d) economic stagnation
How did financing the war lead to inflation?
What war?
How does one come across debt leads?
In order to come across debt leads you may contact a debt lead company by phone. You can also research debt lead companies on the internet to get the answers you need.
Why did Thomas Jefferson believed that a large federal debt would do?
Thomas Jefferson believed that a large federal debt would do harm to the economy and to future generations. He viewed debt as a burden that would require higher taxes and potentially lead to inflation. Jefferson preferred a more frugal approach to government spending and believed that reducing and eventually eliminating the national debt would lead to economic stability and individual liberty.
What debt relief options are available?
Fortunately when it comes to debt relief there are nearly as many options as those that lead to the debt. Some of the websites you can visit include Freedom Debt Relief, Best Debt Relief, and Debt America.
Bad effect of public debt?
• It may lead to wasteful government spending .. • It creates inflation • It is a burden to future generations • It is the reduction of future consumption and savings • It dampens incentives to do productive or business ventures
Can your house be taken for unsecured debt in Illinois?
In general, an unsecured debt cannot lead to the forfeiture of a solid asset like a house. Unsecured debt is not tied to collateral.
Should all dogs wear a lead in public areas?
yes - for safety reasons a dog should always be on a lead when out in public
What lead to the estates general?
A crisis of economics involving a massive National debt.
