Fiscal policy of the United States is one of increased spending to help stimulate the economy. A good example of this can be seen with the President's proposal to spend $447 billion on encouraging employers to hire new workers and through government infrastructure projects. While at the same time, it is providing assistance to the states to help hire police officers, fireman and teachers. These different elements are important, because

Evolution of U.S. Fiscal Policy Before the United Stated entered the Great Depression, the government's approach to the economy was laissez faire, which means it did not intervene in business affairs. Taxes were typically paid only by the very richest individuals and companies, and were therefore often referred to as class or mass taxes under an "Ability to Pay" arrangement (Waltman 1985). British economist John Maynard Keynes (father of Keynesian economics) believed

Fiscal FederalismINTRODUCTIONFiscal federalism is the relationship between different levels of government in a federation with respect to their spending and revenue-raising powers. The three key dimensions of fiscal federalism are vertical fiscal imbalances, horizontal fiscal equalization, and spending assignment.The first use of the term “fiscal federalism” was by German-born American economist Richard Musgrave in 1959 (Kapucu, 2022). It was used to describe the relationship between the central government and the states.

Office Depot is a retailer of office supplies, operating in 53 countries around the world, but with a primary focus on the American market. The company is relatively young, having been founded in 1986 in Fort Lauderdale (OfficeDepot.com, 2011). The company competes as a "category killer" in office supplies, with a focus on a cost leadership business model (QuickMBA, 2010) that relies on high volumes and low margins for success.

Performance of Stated Owned Enterprise in Nigeria A State-Owned enterprise is certainly one where government carries a share with controlling equity, as well as, has a great deal of influence in the day-to-day affairs of the enterprise. Numerous elements made up higher government involvement within the institution of businesses in Nigeria. During independence and also thereafter, the non-public sector had been extremely fragile to muster sufficient investment resources required for industrialization

This also implies inadequacies in fiscal sustainability, which influences investments in private sectors. The second channel happens through the level, composition and quality involved within the public investment, which shows the level at which the public investment replaces the private investments (Schmidt- Hebbel, Serven, & Solimano, 1996). The final channel regards the level of taxation on the corporate earnings and the rules applicable in depreciations. There have been arguments that fiscal policy