Why did the budget deficits rise sharply in 1991

Reference no: EM13204709

Why did the budget deficits rise sharply in 1991 and 1992? what explains the charge budget surpluses of the late 1900s and early 2000s? What caused the swing from the budget surpluses to the series of budget deficits beginning in 2002?

Reference no: EM13204709

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