What specific problems might a monetarist or a supply-sider worry about? How successful was the plan (and how do you define “success”)? What lessons should our current President draw from the results of the Clinton plan and its implementation?
Paper details:
3. In 1993, Bill Clinton faced a large federal budget deficit and high unemployment resulting from a slow recovery from the recession of 1990-91. He called for spending cuts and substantial tax increases to reduce the deficit.
The Federal Reserve chairman (Alan Greenspan) signaled his support of the President’s plan. Supply-side economists and monetarists were deeply concerned about the plan. What specific problems might a monetarist or a supply-sider worry about?
How successful was the plan (and how do you define “success”)? What lessons should our current President draw from the results of the Clinton plan and its implementation?
Format:
Title Page (and Abstract, if you wish) does not count as one of the text pages.
Length: At least six and no more than ten complete pages of text. “Complete” means text from margin to margin (top to bottom and left to right).
The project is to be double-spaced and in font size 12. 1.25-inch left and right margins and 1-inch top and bottom margins.
Citations:
The citation page is not a text page. Cite at least four scholarly peer-reviewed works. Quotes and citations should follow either MLA or APA guidelines. Wikipedia, your textbook, and other publications may be used and cited but as additional sources. Any links to online references must be functional.
