In his State of the Union address in 2002, President Bush said, To achieve these great national

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In his State of the Union address in 2002, President Bush said, "To achieve these great national objectives-to win the war, protect the homeland, and revitalize our economy-our budget will run a deficit that will be small and shortterm." Under what conditions is it sensible to use a deficit to finance a war?

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Public Finance

ISBN: 9780073511283

8th Edition

Authors: Harvey Rosen, Ted Gayer

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