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Guide to the Economics & Fiscal Performance of the Federal Government - 1976-2007 (Paperback)
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Guide to the Economics & Fiscal Performance of the Federal Government - 1976-2007 (Paperback)
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Whether the U.S. economy is slowing or humming, government
officials, public policy analysts, and average Americans should
know exactly how our government functions from an economic
perspective. How does the government raise revenues, spend taxpayer
money, and cover deficits? Unfortunately, many Americans do not
fully understand key economic terms and basic facts about the
fiscal performance of the federal government. This book provides
readers with a straightforward discussion of key economic terms and
details the fiscal performance of the federal government under the
last five presidents. Readers will have a better understanding of
gross domestic product (GDP). The national debt, foreign-held debt,
the federal budget (including deficits and surpluses), trade
deficits, inflation, and unemployment. Government statistics will
be cited and illustrated in easy to understand graphs and charts so
that readers can track the changes over time, as well as compare
and contrast economic performance during the presidential
administrations from President Jimmy Carter to President George W.
Bush. With the long-term structural deficits that are now in place,
and growing financial strains that popular entitlement programs
such as social Security and Medicare will put on our economy, it is
critical that government officials and policy makers understand the
fiscal environment in which we now find ourselves as a country. The
implications of policy proposals and decisions made by the federal
government today will effect generations of Americans. This book
serves as a reference guide or primer for those who want to better
understand the economics of the federal government.
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