Recession Drives U.S. Debt as Spending Rules Debate
Congress debates whether rising debt stems from recession driven spending. The piece notes that Federal outlays typically rise in recessions while tax receipts fall, pushing the spend to GDP ratio higher. It contrasts postwar spikes with recent levels and cites 9 percent unemployment and slow growth.
MENTIONED IN THIS ARTICLE
Washington, D.C
Congress
U.S
Ronald Reagan
Also Mentioned on This Page
United States
Nsus Burean
Angie Webber
Perteae A
Ee AP
Benjamin
Bensons
Caesar
Tucumcari
N.M
Dita
Itil Omnes
Augusta WA
CSRA
Aiken’s the Hearing Center
Audibel
THE
Hearing Center
Mitchell Shopping Center
Whiskey Rd
Aiken SC
Jerry Sheets
Sherrie Stewart
NBC