Major causes of the increase in U.S. federal budget deficits between 2001 and 2008 were

Question

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The tax cuts implemented by President George W. Bush and increased spending on homeland security, the war in Iraq, and the war in Afghanistan were the primary causes of the increase in U.S. federal budget deficits between 2001 and 2008. These expenses were not offset by corresponding increases in revenue or cuts in other areas of spending, leading to larger deficits. Option B is incorrect as these expenses were not a cause of the budget deficits. Option C is incorrect as caring for The Lost Generation is not a recognized government program. Option D is incorrect as high interest rates and expansionary monetary policy were not the primary causes of the budget deficits during this time period.

Major Causes of the Increase in U