ROBERT J. SAMUELSON
The nonpartisan Committee for a Responsible Federal Budget commented prior to the legislation's passage that it would be the "first major deficit-reducing budget agreement in almost a dozen years and would signal Washington is serious about making progress in addressing our mounting national debt." ...
America's fiscal and monetary policy can make the long-term purchasing power of the U.S. dollar uncertain. Large budget deficits of just over 6% of gross domestic product (GDP) and trade deficits of about 3% of GDP, funded by foreign investors through dollar-denominated securities, often rais...
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However, the increasing competitiveness of foreign nations, combined with the monetization of debt to pay for social programs and the Vietnam War, soon began to weigh on America’s balance of payments. With a surplus turning to a deficit in 1959 and growing fears that foreign nations would sta...
deficit, and the federal government has been in debt ever since. Since 1776 there have been six periods of substantial budget surpluses and significant reduction of the debt. From 1817 to 1821 the national debt fell by 29 percent; from 1823 to 1836 it was eliminated (Jackson’s efforts); ...
And most “progressives” don’t see it because while they joyously proclaim that “austerity is dead,” they also, with equal joy, plan for austerity-level deficits of 3% or less for the foreseeable future. Now hear this CAP,Campaign for America’s Future, and other “village” DC/New ...
forests were attributed to logging, which is five times more than carbon lost through fires, insects, disease, drought, or development combined. In 2018, more thanhalf of forest tree-cover losswas due to logging in North America. The number creeps higher when you focus on the U...
body at school committee meetings. "I've heard people say the most dangerous school in America – that's completely untrue. I've never felt unsafe or like unwelcome coming into this building. In my four years, I've never seen a fight in person. Snapchat is a different story," he ...
which was just below $20 trillion prior to Trump’s election. This led to speculation that the Trump Administration might seek to “inflate away” the national debt or impose aggressive cost-cutting measures to reduce thedeficit. However, in the years following Trump’s election, deficits have ...