Q. As late as 1992, the United States was running budget deficits of nearly $300 billion. During the remainder of the 1990's, deficits declined also became surpluses. As the new century began, these surpluses once more turned into deficits.

Explain the decline in deficits also subsequent surpluses in the late 1990's.

Explain the return to deficit expenditure since the turn of the century.

Consider the causes of the deficits also surpluses also provide your own insight as to whether these surpluses or deficits have a "positive" or "negative" effect on our economy.