Balanced Budget Agreement

From the Paper:

"MONETARY AND FISCAL POLICY, THE BALANCED BUDGET AGREEMENT, AND THE UNITED STATES ECONOMY
During the four fiscal years in which Jimmy Carter was president (fiscal years 1977-1980), the federal budget deficits totaled $226.8 billion. This cumulative Carter Administration deficit followed a cumulative deficit of $144.1 billion in the 1973-1976 fiscal year period of the Nixon/Ford presidency. The cumulative four year deficit increased $82.7 billion, or 57.4 percent, from Nixon/Ford to Carter, in terms of current dollars.

Under President Reagan, the cumulative budget deficit in the Administration's first term (fiscal years 1981-1984) was $599.9 billion. The cumulative four year deficit increased $373.1 billion, or 164.5 percent, from Carter to Reagan, in terms of current dollars. The deficit for the second term of.."

More papers on Balanced Budget Agreement:

• Term Paper # 143410 : "Balanced Budget Refinement Act of 1999"
• Essay # 20109 : "Balanced Budget Amendment"

APA Citation:

MLA Citation: