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According to the Traditional View, If Taxes Are Cut Without

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According to the traditional view, if taxes are cut without a cut in government spending, then in the United States this situation will lead to net indebtedness on the part of the United States to foreign countries and net exports.


Definitions:

Extraocular

Referring to muscles, nerves, or movements outside the eyeball itself.

Super-

A prefix denoting above, beyond, or higher in quality or quantity.

Mega-

A prefix indicating a factor of one million, or large size.

Milli-

A prefix in the metric system denoting a factor of one thousandth (10^-3).

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