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What three factors brought about the recent return deficit financing at the federal level?
Wiki User
∙ 12y ago
1)a sharp downturn in the nations economy
2)several major tax cuts pushed by President Bush and enacted by congress in 2001-2004
3)the onset of global war on terrorism in 2001 and the ongoing conflicts in Afghanistan and Iraq.
answers from "MAGRUDER'S AMERICAN GOVERNMENT" school book.
Wiki User
∙ 13y ago
Wiki User
∙ 12y ago1)a sharp downturn in the nations economy 2)several major tax cuts pushed by President Bush and enacted by congress in 2001-2004 3)the onset of global war on terrorism in 2001 and the ongoing conflicts in Afghanistan and Iraq.
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