A Guide to the Economics & Fiscal Performance of the Federal Government (1976-2007)
Whether the U.S. economy is slowing or humming, government officials, public policy analysts, and average Americans should know exactly how our government functions from an economic perspective. How does the government raise revenues, spend taxpayer money, and cover deficits? Unfortunately, many Americans do not fully understand key economic terms and basic facts about the fiscal performance of the federal government. This book provides readers with a straightforward discussion of key economic terms and details the fiscal performance of the federal government under the last five presidents. Readers will have a better understanding of gross domestic product (GDP). The national debt, foreign-held debt, the federal budget (including deficits and surpluses), trade deficits, inflation, and unemployment. Government statistics will be cited and illustrated in easy to understand graphs and charts so that readers can track the changes over time, as well as compare and contrast economic performance during the presidential administrations from President Jimmy Carter to President George W. Bush. With the long-term structural deficits that are now in place, and growing financial strains that popular entitlement programs such as social Security and Medicare will put on our economy, it is critical that government officials and policy makers understand the fiscal environment in which we now find ourselves as a country. The implications of policy proposals and decisions made by the federal government today will effect generations of Americans. This book serves as a reference guide or primer for those who want to better understand the economics of the federal government.
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Gross Domestic Product
Federal Government Revenues
13 other sections not shown
American amount borrow money budget deficits Bush Clinton Bush Carter Reagan Bush Changes and GDP chapter Clinton presidency Congress current President Bush debt accumulation debt held defense spending deficit spending discretionary domestic spending economic policy federal government federal spending figures represent final fiscal performance foreign-held debt GDP over Term George H.W. Bush global government collected government spending growing Growth in Annual Growth in GDP held by foreigners household Hurricane Katrina income investment investors Japanese yen last 30 last five Presidents misery index numbers OPEC percent Percentage Growth percentage of GDP President Carter President Clinton's term President George President Reagan prior President's term Reagan Bush Clinton represent the difference rising significant sovereign wealth funds Spending by President spending increased Table tax revenues term in office trillion 41 trillion 54 U.S. Current Account U.S. economy U.S. GDP U.S. government U.S. National Debt U.S. Treasury Department U.S. Treasury securities