Articles By: Eva Lam

and / October 10, 2010 8:42 pm

The Annual Report of the United States

The United States government is in the midst of a budget crisis.  The federal government has run a deficit—it has spent more than it collected in tax revenues—in all but four fiscal years since 1969, but recent deficits have reached unsustainable levels.  In 2009, the government spent $1.4 trillion more than it raised, the largest nominal deficit in history and ... Read More

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