national deficit

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Title: national deficit

Essay Details:

Subject: Miscellaneous

Author: Ann M

Date: May 26, 2016

Level: University

Grade: A

Length: 2 / 470

Essay text:

By the end of 2004, a record $413-billion deficit is expected because of tax cuts, spending on national security, Iraq and Afghanistan and interest on the debt." (http://www.freep.com/news/politics/taxgrid23e_20041023.htm) President Bush blames the deficit on the recession, the rise in military and homeland security spending, and tax cuts, which he believes were needed to encourage the economy. He has said holding off on "non-homeland security and non-defense spending combined with economic growth will make it possible to cut the deficit in half over the next five years." He still plans to try and make his tax cuts permanent, which have "affected both businesses and individuals...

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