The president has just signed a new budget that drastically cuts taxes without decreasing government spending. When
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The president has just signed a new budget that drastically cuts taxes without decreasing government spending. When asked about the dramatic increase in deficits that will occur due to the tax cuts, the president responds, “We’re going to see some amazing economic growth because of this new policy, so much growth that we’re going to grow our way out of any short-term increases to government debt.” If this extra economic growth doesn’t materialize, what are some of the risks to the U.S. economy?
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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