The federal budget has been in deficit since 2002, but became
significantly larger in 2009. That year, the deficit topped $1
trillion for the first time ever. Relative to the overall size of
the economy, budget deficits from 2009 to 2011 have been
significantly larger than in any other year since World War II.
This book examines and discusses the size of the projected budget
deficit; how much the deficit would need to be reduced to return to
long-term sustainability; President Obama's fiscal commission and
other initiatives; and business investment and employment tax
incentives to stimulate the economy.
General
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