Galactic Hot Dogs
 

Fiscal Policy and Economic Growth

Introduction

Although two-thirds of the federal government's expenditures are mandatory and many of the discretionary expenditures are not all that discretionary, even a small portion of the federal budget represents billions of dollars. Those billions can make a big difference to an industry, region, or segment of the population, and to the economy.

Moreover there are decisions about taxes, which may be even more important. Cutting taxes is popular, so elected officials are always happy to talk about it and sometimes actually do it (as President Kennedy did in 1963 and President Reagan did in 1981). Officials also occasionally raise taxes, which can profoundly affect the economy—and their careers.

This section examines fiscal policy—the budget decisions of the federal government—and its consequences. It also covers deficit spending and the national debt, both of which have been major topics in the public discussion about the economy.

book cover

Excerpted from The Complete Idiot's Guide to Economics © 2003 by Tom Gorman. All rights reserved including the right of reproduction in whole or in part in any form. Used by arrangement with Alpha Books, a member of Penguin Group (USA) Inc.

To order this book direct from the publisher, visit the Penguin USA website or call 1-800-253-6476. You can also purchase this book at Amazon.com and Barnes & Noble.

highlights

Teens and E-Cigarettes: 6 Things You Must Know
For the first time in a generation, tobacco use has risen among the nation's youth, due to the rising use of e-cigarettes. Learn more about the dangerous and addictive e-cigarette trend, and get tips to talk to your teen.

Find Today's Newest & Best Children's Books!
Looking for newly released books for your child? Try our new Book Finder tool to search for new books by age, type, and theme, brought to you by Galactic Hot Dogs.

Printable Lists of the Top 100 Baby Names
Need help with baby name ideas? Use our printable list of the top 100 girl names and top 100 boy names of 2015 to help you brainstorm and narrow down your favorites.

Registered for Kindergarten — Now What?
Wondering what to do now that you've signed your child up for kindergarten? Try our award-winning Kindergarten Readiness app! This easy-to-use checklist comes with games and activities to help your child build essential skills for kindergarten. Download the Kindergarten Readiness app today!

stay connected

Sign up for our free email newsletters and receive the latest advice and information on all things parenting.

Enter your email address to sign up or manage your account.

Facebook icon Facebook icon Follow Us on Pinterest

editor’s picks