Financial Crisis of 2008 Altered USA Fiscal Policy Significantly.
The financial crisis of 2008 had a big impact on how the US government managed its money. The crisis caused major changes in the US budget balance and discretionary fiscal policy from 2004 to 2012. During the crisis years, the government used policies to help the economy, like spending more money and cutting taxes. To deal with future crises, it's suggested that the government should use automatic stabilizers and work with other policies like monetary policy.