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Essay text:
The only times a budget deficit existed during
these first 150 years were in times of war or other catastrophic
events. The Government, for instance, generated deficits during the
War of 1812, the recession of 1837, the Civil War, the depression
of the 1890s, and World War I. However, as soon as the war ended
the deficit would be eliminated and the economy which was much
larger than the amounted debt would quickly absorb it. The last time
the budget ran a surplus was in 1969 during Nixon's presidency.
Budget deficits have grown larger and more frequent in the
last half-century. In the 1980s they soared to record levels...
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Common topics in this essay:
- U.S. Budget Deficit - Good or Bad?
- Budget Deficit
- Budget Deficit
- Deficit Spending: The Deficit Good Or Bad
- How scary is our deficit???
- National Debt and Budget Deficit
- The Budgetary System Of Bangladesh & Remedies To Overcome Budget Deficit
- Trade Deficit
- U.S. Deficit Good Or Bad?
- U.S. Federal Budget Deficit
- U.S. Trade Deficit
- Budget Deficit & National Debt
- Budget Deficit & National Debt
- Deficit Spending
- budget deficit
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