question archive State true or false and justify your answer: The United States has experienced both budget surpluses and deficits over the past decade
State true or false and justify your answer: The United States has experienced both budget surpluses and deficits over the past decade
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State true or false and justify your answer:
The United States has experienced both budget surpluses and deficits over the past decade.
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Answer: False
The last time the US had a budget surplus was in 2001. You can find data for this at Fred (website run by Federal Reserve) whose link is included below. In 2001 though a recession occurred and tax rates were cut across the board. Since then, the US has had a budget deficit.
https://fred.stlouisfed.org/series/FYFSD
