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As a result, tax cuts in response to a slowdown have typically arrived too late, fuelling the next boom rather than cushioning the impact of a recession.During the 1970s and 1980s, not only did fiscal fine-tuning fail, but budget deficits rose alarmingly.
Once it did, fiscal policy had an expansionary impact.
Similar(58)
Where did summer go?
And he certainly did today".
At least, they did last year.
Or rather, it did yesterday.
"How did today go?" she asks.
(Just as the Republicans' gathering did last week).
Indeed, that is what Hungary did last year.
I felt better than I did yesterday".
Except that was what he did last year.
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