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Essay / Research Paper Abstract
This 4 page paper takes a look at the budget deficit and what should be done about it. Various opinions are discussed. The deficit is discussed in general terms and historical information is provided. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA414bud.rtf
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Unformatted sample text from the term paper:
was supposed to have been a surplus. Everyone was amazed because the budget deficit had been a point of contention previous to that time. If indeed there was extra money
in Washington, should it be given back to the people or thrown into more programs? That was a heated debate a few years ago about this issue. Fast forward to
a post-911 era and one will find that spending has increased due to the continuing war and the surplus is a thing of the past. People are worried about the
deficit once again, but should they be? According to a student, one of the greatest concerns looming on the "economic policy horizon" is related to the "size of the budget
deficit and the burden of public debt." The extent of the problem is debatable. Also, there are many different ideas about the deficit. Some politicians believe that it will
take care of itself as it has in the past, while others believe that it will bankrupt the nation at some point. It is hard to say whether it is
a ticking time bomb or nothing to worry about. Likely, the answer lies somewhere in the middle. Alan Greenspan explains that after "a brief period of unified budget surpluses around
the beginning of this decade, the federal budget has reverted to deficits." He goes on to say that a unified deficit increased to $375 billion during the 2003 fiscal
year and it did seem to be increasing a great deal (Greenspan). The deficits are really the end result of an economic downturn coupled with a period of slow growth
in addition to an earlier price decline (Greenspan). The deficits do further reflect the fiscal actions that had been intended to allow stimulation to the economy; this is
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