The Budget Deficit of the United States Essay by The Research Group

The Budget Deficit of the United States
A examination of the historical development of the United States federal budget deficit. Focusing on its growth, impact on the economy and measures for its control.
# 18050 | 1,125 words | 3 sources | 1989 | US
Published on Feb 18, 2003 in Economics (Macro) , Economics (National)

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From the Paper:

"The purpose of this research is to examine the issue of the federal government budget deficit in the United States. Factors addressed are historical development, reasons for growth, impact on the economy, and measures to control the deficit.

Historical Development of the Deficit
When Ronald Reagan campaigned for the presidency in 1980, one of his most consistent themes was that of the economic evils of the irresponsibly high federal budget deficits attributed to the Carter Administration. Candidate Reagan pledged to restore economic sanity by, among other things, eliminating federal budget deficits by the end of the third year of his first term as president.

During the four fiscal years in which Jimmy Carter was..."

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