Efforts to Reduce the Budget Deficit 1
Efforts to Reduce the Budget Deficit Student Name ECO203: Principles of Macroeconomics
Efforts to Reduce the Budget Deficit 2
Since 1980 the United States budget deficit has tripled in size, instead of decreasing the debt, it seems to steadily growing in dollar terms. Previous presidents have tried to implement different ideas all in an effort to reduce our country's debt, but nothing has seemed to work. We are constantly borrowing and spending, raising the nationâ€™s debt at a rapid rate. Will our country ever be economically stable? In 1978, the Full Employment and Balanced Growth Act were passed.
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