That is, will the legislation require that surpluses be realized during normal economic times to offset the run up in federal
debt during the economic crisis or that only balanced budgets are required?
Not exact matches
The IMF says the reason for the
debt build - up is the
economic collapse
during the 2008 financial
crisis, and the policy response to that
crisis.
Before the 2008/2009 financial
crisis during the 2007
economic bubble, the margin
debt of the NYSE was only about 2.62 % of US GDP, just short of the dot - com bubble high of 2000.
[8] Although commentators perceived Brown to have made some good decisions
during the
economic crisis, such as providing financial aid to several UK banks which found themselves in difficulty, his fiscal policy of borrowing and spending led to a dramatic increase in the country's national
debt.