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Balancing Act: In Economic Terms...

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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.
Series
American History, American Government and Politics, Civics, Framework for Democracy
Duration
00:02:55 (HH:MM:SS)
Language:
English
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Name INTELECOM Intelligent Telecommunications
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