It is important because it does not balance on a yearly basis, but rather on economy cycles. This means that budget deficits and surpluses are accounted for in the budget according to what economic cycle the country is in. That's why the definition of surplus and deficit changes depending on how successful the economy is.
Answer:
Decreasing international trade, increasing tax, and increasing unemployment rates
Explanation:
T<span>extile manufacturing was very important to the industrial revolution in great britain because textiles were produced with far great speed and efficiency thanks to the new factories--which greatly increased profits since textiles were in such high demand throughout the world. </span>
Six weeks after Iraq invaded Kuwait, President George H.W. Bush went before a joint session of Congress on this day in 1990 to lay out the administration’s response to the attack.
With a large U.S. military buildup already under way in the Middle East, the president outlined a series of goals. They included the unconditional withdrawal of Iraqi forces, the restoration of the Kuwaiti government, the promotion of security and stability in the region and the safety of U.S. citizens trapped in Kuwait and Iraq.
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“Iraq will not be permitted to annex Kuwait,” Bush told the lawmakers in the presence of foreign diplomats, including the Iraqi ambassador. “And that’s not a threat, not a boast. It’s just the way it’s going to be.”
