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Can we make ends meet?
Title: Can we make ends meet?
Category: Business & Economy / Economics
Details: Words: 2147 | Pages: 9.1 (approximately 235 words/page)
Can we make ends meet?
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CAN WE MAKE ENDS MEET?
Should the government balance the federal budget? One might
assune assume that it would be good to balance the federal budget.
However, a few economic thinkers disagree and have suggested new
paradigms. For the last sixty years, the government has run budget
deficits as a primary method for stimulating economies with high
unemployment rates. In theory, the budget should return to balance or
surplus during boom times.
According to the …showed first 75 words of 2147 total…
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…showed last 75 words of 2147 total…proposed or enacted remedies for deficits and public debt include:
a proposed constitutional amendment mandating an annually
balanced budget
the Graham-Rudman-Hollings Act which required annual deficit
reductions
budget legislation of 1990 which raised taxes, cut expenditures,
and forced Congress to offset new spending or tax cuts with
reductions in existing spending or tax increases
greater privatization of the economy by selling public assets and
programs to the private sector; and
giving the President line-item veto authority.
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