The annual budget deficit grew from $80 billion in 1981 to $290 billion in 1992 . Which of the following was NOT a factor in increasing the deficit?
A. large tax cuts in 1981-1983
B. Increased levels of defense spending in the 1980s
C. federally funded bailout of savings and loan institutions
D. federal spending on programs such as crime, transportation and education
D
Political Science
You might also like to view...
Throughout most of its history which political office was generally considered insignificant and of little consequence?
a. attorney general b. secretary of state c. Speaker of the House d. vice president
Political Science
Franklin D. Roosevelt's __________ enacted programs such as Social Security and commissions to regulate aspects of business such as the stock market
Fill in the blanks with correct word
Political Science