Why did the budget surpluses in 2000 and 2001 give way to a series of budget deficits

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Why did the budget surpluses in 2000 and 2001 give way to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?

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Essentials Of Economics

ISBN: 9781265166632

5th Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean Masaki Flynn Dr.

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Question Posted: Mar 03, 2024 12:00 AM

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Why did the budget surpluses in 2000 and 2001 give way to a series of budget deficits

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The shift from budget surpluses in 20002001 to significant deficits in the following years resulted from a combination of factors 1 Tax Cuts 2001 and ...View the full answer

Essentials Of Economics

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