Research paper on how does the deficit and debts affect economic growth
introduction topic as one page conclusion as one page bibliography as one page Topic: the U.S. budget deficit is when federal spending is greater than the tax revenue received for that year. in fiscal year 2014, the budget deficit was projected to be $744 billion. the U.S. debt exceeded $17 trillion on October 17 2013. this is nearly three times the debt in 2000, which was 6 trillion. how does the deficit and debts affects the economic growth. president Bush and Obama both had large budget deficits.
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