... about twice as rapidly as purchases. The dramatic reversal from budget deficit to extraordinary cash-flow surplus was supposed to have generated recession, but instead the economy had prospered. The Clinton tax hikes and spending cuts in 1993 was followed by robust economic growth, contrary to standard forecasts. Clintons tax hike of 1993 has been lauded by leading fiscal activists as ... . The dramatic reversal from 1992 budget deficit of 4.7% of GDP to an estimated cash flow surplus of 2.4% of GDP in FY2000 similarly has been associated with outsized economic growth. As Clinton tax hik...

• Word Count: 1129
• Approx Pages: 5
• Grade Level: Graduate

... at managing the business cycle at the level of the microeconomy have been variously conceptualized as a many-faceted movement for the regularization or stabilization of business (Feldman 1922; Dennison 1923; Nelson 1969; Metcalf 1972). The stabilization practices of the period fell into three broad categories. First, the time pattern of demand for the firm's products was modified via advertising, the linking ... ...

• Word Count: 853
• Approx Pages: 3
• Grade Level: Graduate

... to Rosenau, citizens are beginning to judge the legitimacy of state leaders not by whether they adhere to moral or spiritual standards (traditional legitimacy claims), but by competence. i.e. (Former President Clinton and Intern, Monica Leweinski.) Thus, governments that are lacking in legitimacy and authority or are not fully in control of the territory under their jurisdiction provide perfect environments for the ... ...

• Word Count: 667
• Approx Pages: 3
• Grade Level: Graduate