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When the federal government began running a budget deficit again in 2002 after 3 years of surpluses for all the following reasons Except?
The federal government began running a budget deficit again in 2002 after three years of surpluses primarily due to increased spending following the September 11 attacks, tax cuts enacted in 2001, and a downturn in the economy contributing to reduced revenue. However, one reason that did not contribute to this deficit was a lack of government revenue from traditional taxation, as tax revenues were still being collected despite the cuts. Instead, the combination of increased expenditures and reduced tax income led to the return of the budget deficit.
Which event led to the end of balanced budgets and the onset of deficit spending?
Alexander Hamilton was the first to have a deficit when he borrowed money to fund the Revolutionary War, but a pattern of deficit spending began with President Roosevelt borrowing money because of the Great Depression. It continued during World War 2 and gross public debt escalated in the 1980's.
Which was a contributing factor to the farming crisis of the 1980s?
A decrease in demand led to farmers not being able to pay back their substantial loans.
Which of the following was a contributing factor to the farming crisis of the 1980s?
A decrease in demand led to farmers not being able to pay back their substantial loans
What factors led to the nations recovery from the recession of the early 1980s?
Long term effects of the recession contributed to the Latin American debt crisis, the savings and loan crisis in the United States, and a general adoption of neoliberal economic policies throughout the 1980s and 1990s.
What led to the largest U.S budget deficit in the 1980s?
Reagan, being a conservative, had cut funding for federal programs like welfare and food stamps. However, after doing so he greatly increased funding for defense. This included research and development programs, weapon build-up, etc. The best way to understand Reagan's obsession with defense spending is by looking at his proposal to develop Star Wars. No, not the films, but rather a system of lasers that would detect and destroy any incoming missiles. So, to answer your question, if anything in particular led to the budget deficit, it was defense spending.
What led to the largest U.S. budget deficit in the 1980s?
Reagan, being a conservative, had cut funding for federal programs like welfare and food stamps. However, after doing so he greatly increased funding for defense. This included research and development programs, weapon build-up, etc. The best way to understand Reagan's obsession with defense spending is by looking at his proposal to develop Star Wars. No, not the films, but rather a system of lasers that would detect and destroy any incoming missiles. So, to answer your question, if anything in particular led to the budget deficit, it was defense spending.
What led to the largest U.S. budget deficit in the 1980?
Reagan, being a conservative, had cut funding for federal programs like welfare and food stamps. However, after doing so he greatly increased funding for defense. This included research and development programs, weapon build-up, etc. The best way to understand Reagan's obsession with defense spending is by looking at his proposal to develop Star Wars. No, not the films, but rather a system of lasers that would detect and destroy any incoming missiles. So, to answer your question, if anything in particular led to the budget deficit, it was defense spending.
When the federal government began running a budget deficit again in 2002 after 3 years of surpluses for all the following reasons Except?
The federal government began running a budget deficit again in 2002 after three years of surpluses primarily due to increased spending following the September 11 attacks, tax cuts enacted in 2001, and a downturn in the economy contributing to reduced revenue. However, one reason that did not contribute to this deficit was a lack of government revenue from traditional taxation, as tax revenues were still being collected despite the cuts. Instead, the combination of increased expenditures and reduced tax income led to the return of the budget deficit.
What city in Europe has the second largest population?
London is the second largest city in Europe, led by Moscow.
Which disease that emerged in the 1980s led to a worldwide epidemic and one of the largest health concerns in regard to investigating its prevention and a possible cure?
Human immunodeficiency virus or "HIV." HIV leads to acquired immune deficiency syndrome also known as AIDS.
What is the biggest halftime deficit in an NFL game?
The Patriots' 45-point lead at intermission against the Titans (45-0) on Oct. 18, 2009 was the largest halftime lead in NFL history, surpassing the previous mark of 42 when the Packers led the Buccaneers, 49-7, on Oct. 2, 1983.
In the 1980s and 90s a general distrust and fear of the government led to what?
the formation of private militias and domestic terrorism.
In the 1980s the federal government's Social Security payments created budget pressures because?
In the 1980s, the federal government's Social Security payments created budget pressures due to the increasing number of retirees and the aging population, which led to a higher dependency ratio. Additionally, economic factors such as inflation and slower wage growth put strain on the Social Security Trust Fund. As more individuals began to claim benefits than were contributing to the system, concerns about the program's long-term sustainability and funding became more pronounced, prompting discussions on reform.
Campaign promise of deficit and welfare reduction that led gingrich's conservative republicans to victory in the congressional election of 1994?
"Contract with American"
In the 1980s as the former Soviet Union neared collapse Polish aspirations to independence and reform were led by?
Lech Walesa
What was the federal deficit in 2008?
In 2008, the federal deficit of the United States was approximately $458 billion. This figure was influenced by the financial crisis, which led to increased government spending on economic stimulus measures and a decline in tax revenues. The deficit marked a significant increase compared to previous years, reflecting the economic challenges faced during that time.
