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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 668 |
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The added increase in demand has prompted several oil companies to re-examine older oil fields in hope with new technology will produce several billions barrels of oil from fields thought to be non-profitable (http://www.federalreserve.gov/boarddocs/testimony/2004/200409082/htm).
Since the expiration of the Budget Enforcement Act (BEA) of 1990 expired in 2002, the government has not had a concrete policy that would address spending and the deficit...
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Mr. Greenspan recommended rolling the clock back and establishing a fiscal policy similar to the BEA of 1990, but this time the Act should provide some bite with the bark. He stated that the previous version was designed to constrain legislative actions on only new initiative. This time he suggested the Act include provision to deal with unanticipated budgetary outcomes over time...
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