The Federal Budget: From Surplus to Deficit
Analyses of the federal budget indicate the likelihood of continuing deficits for the next several years, given the current structure of tax rates and existing government spending programs.
Analyses of the federal budget indicate the likelihood of continuing deficits for the next several years, given the current structure of tax rates and existing government spending programs.
The President’s Council of Economic Advisers, in their Annual Report of last January, projected a rapid advance in total spending (GNP) for 1972. They projected strong real product growth and a significant decline in the rate of inflation by the end of the year.
This article briefly reviews the economic recovery of the Central Mississippi Valley compared with the nation as a whole.