The budget deficit/surplus projections for 2005 that were made in 2001 were wrong because there was an

Question

Quizplus · Accepted Answer

The unanticipated increase in war-related spending, particularly in Iraq and Afghanistan, was a major contributor to the budget deficit in 2005. Other factors, such as the 2001 tax cuts and the economic recession, also played a role, but the cost of the wars was a significant and unforeseen expense.

The Budget Deficit/surplus Projections for 2005 That Were Made in 2001