Abstract
In 1998 revenues from taxes equaled expenditures and the United States had a balanced budget for the first time since 1969. Only a small portion of the federal budget is really discretionary. When the country is in a deficit rather than a surplus situation, there is less investment, less productivity, and less economic growth. At the same time, the amount the government owes its creditors, the national debt, increases. Former Treasury Secretary Lawrence Summers talks about the importance of maximizing public savings and paying down the national debt.
Collection
Subject
Series
American History, American Government and Politics, Civics, Framework for Democracy
Contributors
Duration
00:02:55 (HH:MM:SS)
Language:
English
Copyright Holder
Name | INTELECOM Intelligent Telecommunications |
Role | Distributor |
Telephone | 800-576-2988 x122 |
Address | 150 E. Colorado Blvd. Ste. 300, Pasadena, CA 91105 |
[email protected] |
Rights Declaration:
This video is protected by copyright. You are free to view it but not download or remix it. Please contact the depositing institution for further information about how you may use this video.
Persistent/Share URL
https://54098.surd9.group/show.php?pid=njcore:19375
Basic LTI parameter
pid=njcore:19375
PID
njcore:19375
Metadata