Have you ever seen the words budget deficit or national debt being brought up when new spending bills are being passed or when someone talks about government spending? I’m sure you have, and similar to how people can go into debt by spending too much, the government can accumulate debt as well.  Budget Deficits  The government, although they do not sell goods or services, makes money. Their sole source of income is through taxation. Income taxes, sales taxes, and property taxes are some...

Abstract Through a powerful and influential economy, protection from the US, and its strong defensive military capabilities, Taiwan has...