Blog entries tagged with "deficit"
WHY AMERICA NEEDS A RECESSION
By Nguyen Dang on November 17, 2009 - Comments(0)
After the great depression of the late 1930's, Americans learned a hard lesson. Thrift, fiscal responsibility, and savings replaced the rampant speculation and frivolous spending of the roaring twenties. It was also in large part due to the massive deficit spending of the second world war that helped to ...
Continue reading "Why America Needs a Recession"HISTORY REPEATING IN CALIFORNIA FISCAL CRISIS
By Timothy Canova, Associate Dean, Chapman University School of Law on October 26, 2009 - Comments(0)
California’s recurring fiscal crisis, the worst since the Great Depression, is reminiscent of the movie “Ground Hog Day” in which Bill Murray’s character wakes up every day in the same strange reality. Just weeks after closing a $40 billion budget deficit, California is once again facing a multi-billion ...
Continue reading "History Repeating in California Fiscal Crisis"