Here is the synopsis of our sample research paper on The Budget Deficit / Better or Worse?. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 6 page paper that tracks the successes and failures of the budget deficit between 1992-1996, according to the economists and political figures. The paper proposes that evidence shows that although the federal deficit has been reduced significantly, individual states are floundering and may add to the deficit in the future. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: D0_Usfiscal.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
campaigns intimated that taxes might have to be increased. (Owen, 1994, p. 168) At that time, Arthur Laffer argued that the deficit is never touched by increased taxation.
He stated that the individuals in government act just like private individuals, and that the very fact of having debt "stimulates the holders of that debt to spend more."
(Laffer, 1993, 414) He also stated that debt can be seen as good because it can lead to growth. In addition, by increasing the amount of federal monies
applied to the deficit, the losers are middle income Americans, who lose their spending power--thus reducing the taxes received that could be appropriated to the deficit if the government spenders
(Congress) were inclined to do so. The following is a discussion of the deficit and the various myths surrounding it. President John
F. Kennedy stated that taxation for the sake of paying off the federal deficit does not make sense, because tax reduction: ...sets off a process that can bring gains for
everyone, gains won by marshaling resources that would otherwise stand idle--workers without jobs and farm and factory capacity without markets. Yet many taxpayers seemed prepared to deny the nation the
fruits of tax reduction because they question the financial soundness of reducing taxes when the federal budget is already in deficit. Let me make clear why, in todays economy, fiscal
prudence and responsibility call for tax reduction even if it temporarily enlarged the federal deficit--why reducing taxes is the best way open to us to increase revenues. (Laffer, 1993,
414) Laffer stated that in the case of the United States, debt is often necessary, and that increased taxation to pay off
...