Answer:
large projected surpluses turned to large deficits. For fiscal years 2001 through 2008, the last full fiscal year before President Bush left office, the $3.5 trillion of surpluses that CBO had projected for these years turned into deficits of $2 trillion. [3] A look behind these numbers is revealing.
A government experiences a fiscal deficit when it spends more money than it takes in from taxes and other revenues excluding debt over some time period. This gap between income and spending is subsequently closed by government borrowing, increasing the national debt.
Explanation:
When judgments or decisions are influenced by the way in which information is presented, this is called a framing effect.
The term framing effect is an important concept in behavioral economics and psychology. It states, that people react to a particular choice in different ways depending on how it is presented.
Answer:
Setting aside Social Security and Medicare, other entitlement programs in the U.S. government constitute well under one-quarter of the budget.
Explanation:
Entitlement programs are certain rights which are given to the citizens by the federal law. They include social security, medical aid, welfare, and unemployment programs. These programs are granted to the citizens so that they can receive certain benefits from them and in return, they can contribute to it by paying the taxes. Some of the programs help the low-income family to avail certain benefits from the government to run their living.
The Theme is set in the Woods
Which happened first? Heavy snow happened first in the Himalaya's. I think/know this because when you look up the Himalaya's, the scenery is perfect for sledding and skiing.
