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Topic: Miscellaneous
Number of pages / Number of words: 3 / 808
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"The Reagan administration discredited this notion, cutting taxes to such a degree that the United States would face perpetually high deficits, regardless of how hot the economy was," according to economist John Maynard Keynes.

The answer does not appear to be a balanced-budget amendment, unless you want to prevent the federal government from fighting recessions...


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This would just make things worse, because then the federal government would be forced to make recessions worse. When the economy slows down, income and Social Security tax revenues drop, due to falling wages and profits. Meanwhile, costs for some programs, such as unemployment compensation, rise.

These changes automatically put the federal budget into deficit, even if a balanced budget had been planned at the beginning of the fiscal year...


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DICKERSON V. UNITED STATES SUPREME COURT OF THE UNITED STATES Japan vs. United States Economy Policy Budget Deficit John Maynard Keynes Major Challenges That Face Human Resources Practitioners In The Australian Economy During 2007 And Analysis Of How Such Practitioners Can Contribute To Achieving A High Performance Workplace Culture. National Debt and Budget Deficit The Public Debt of the United States The twin deficits in the economy of the United States U.S. Federal Budget Deficit United States Constitution And The United States Legal System In Business Regulation. United States World Debt Budget Deficit & National Debt Clinton Administration's Proposal To Increase Taxes For Multinational budget deficits Cutting The National Debt

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