Federal Budget
...state, there were major deficit problems during this time. However Clinton works with Alan Greenspan to improve the economy, in which he succeeded. By the time Clinton had left office in 2001, the government was at a 236.4 billion dollar surplus. This was pretty good concerning the fact that the economy was trying to lose the deficit since 1969 and when Clinton entered office it was at it all time high of 290.4 billion dollars deficit. Since the entrance of George W. Bush the economy has gone down. The surplus of 2001 was at 127.1 billion dollars and the fiscal year of 2002 is reported to be at a deficit level. Is this the fault of Bush with his tax-cuts? Or could it be War on Terror? Maybe perhaps it is the fault of greedy CEOs of world-wide corporations such as Enron? Possibly it could be all these factors and more. Could the deficit be the fault of George W. Bush and his tax-cut? When Bush was running for office he was crying out about how the government was keeping the tax payers money. The surplus should be returned back to the people because it is the people’s money; the government has no right to keep it exclaimed Bush. Americans were all excited about the tax-cut but could have they known what the tax-cut would do to their economy? The tax-cut had made the government receive less of revenues. Is that the main reason, taking in less revenue and spending about the same? Maybe the real fault is the War on Terror. Since the attacks of September 11, the government has had its mode on war. The nation’s security has gone up, soldiers have been sent to the Middle East, and scientists have been studying new ways to prevent small poxes and biological warfare. This might be the reason, America is doing everything it can to prevent another attack and it seems that it wants to go into war. America is spending so much more than it ever had in the Clinton administration. That could be a logical explanation. The last possibility could Corporal America fault, the thing that America makes Ame...