Fiscal policy of the United States half of what it was in 2004 and the budget appeared well on its way to balance once again. Fiscal policy is the application of taxation and government spending to influence economic performance. The main aim of adopting fiscal policy instruments is to promote sustainable growth in the economy and reduce the poverty levels within the community. In the past, fiscal policy instruments were used solve the economic crisis such as the great recession and during the financial crisis. They are effective in jump-starting growth, supporting the financial systems, and mitigating the economic crisis on the vulnerable groups especially the
American (word) American (word) The meaning of the word American in the English language varies according to the historical, geographical, and political context in which it is used. "American" is derived from "America", a term originally denoting all of the New World (also called the Americas). In some expressions, it retains this Pan-American sense, but its usage has evolved over time and, for various historical reasons, the word came to denote people or things specifically from the United States of America. In modern English, "American" generally refers to persons or things related to the United States of America; among native English speakers