cuts in defense spending
national debt
What periods in recent history has the US run budget deficits and budget surpluses?
Twin deficits or double deficits is a summary of the two related economic problems, the budget deficit and the international trade deficit. The budget government deficit is the difference between government revenue and it's spending. Both deficits occur when someone is spending more than they earn.
Gramm-Rudman-Hollings Act
a decrease in government spending
Large budget deficits can lead to future problems with other countries that result because we are in debt to them.
increases in the defense budget and steady spending on social welfare and entitlement programs.
deficits are shortages that are caused by unwise spending. When one incurs deficit, he/she needs to borrow money to pay for the needs that are provided for in his/her budget. Unplanned purchases not included in the budget brings about deficits. It is poor management of one's resources.
what did john maynard Keynes support the idea of pump priming despite increased federal budget deficits
He believed deficit spending would stimulate the economy and create jobs .
budget ,jobs,investment and security
fiscal year