Читать книгу Northern Light: Lessons for America from Canada's Fiscal Fix - Robert P. Murphy - Страница 22

The United States achieved a budget surplus as recently as the Clinton years. Back then, thanks to tax receipts buoyed by a strong economy, eliminating the deficit only required slowing spending growth. However, the current US situation is worse, and the fiscal hole is deeper. Genuine reductions in federal government spending and employment are necessary. As politically difficult as these reforms may be, they are not impossible. Canadians did it in the mid-1990s, and so can Americans today. The payoff was a quick turnaround in the government’s fiscal position without hampering economic growth, and lower taxes in the longer-run that buoyed future growth.