Historically,the U.S.government seems to have ________.
A)run budget surpluses as often as budget deficits
B)generally spent less than what it collected in taxes each year
C)had difficulty running budget surpluses
D)not needed to borrow to finance wars
E)none of the above

Question

Quizplus · Accepted Answer

Historically, the U.S. government has had difficulty running budget surpluses. The last time the federal government ran a surplus was in 2001, and before that was during the late 1990s. The government has generally run budget deficits, meaning it spends more than it collects in taxes each year. It has also needed to borrow to finance wars, such as the Iraq War and Afghanistan War. Therefore, options A, B, and D are incorrect.

Historically,the U.S.government Seems to Have ________