Today in class we worked on our projects. I learned that deficit spending is when you spend to much for the government to keep up with it. When this does happen they have to borrow money from the "capitol" which puts them into higher debt. Budget surplus is the opposite of this. Tax revenues make the government more wealthy. Many economists figures that this was supposed to end a recession or moderate it.http://www.u-s-history.com/pages/h1982.htmlI think that these topics are really hard to find information on. I wish they went more in dept in the book.
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