Why did the federal budget go from a huge deficit in 1992 to a surplus in 1998?

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Why did the federal budget go from a huge deficit in 1992 to a surplus in 1998? Explain the factors that contributed to the turnaround.

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Economics A Contemporary Introduction

ISBN: 9781305505469

11th Edition

Authors: William A. McEachern

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Question Posted: Oct 08, 2023 02:43 AM

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Why did the federal budget go from a huge deficit in 1992 to a surplus in 1998?

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Taxes were increased in 1990 by President Bush and again in 1993 when President Clinton r...View the full answer

Economics A Contemporary Introduction

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