Reducing the Deficit

Reducing the Deficit PDF

Author: United States. Congressional Budget Office

Publisher: Congressional Budget Office

Published: 2011

Total Pages: 260

ISBN-13:

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Presents more than 100 options for altering federal spending and revenues. Nearly all of the options would reduce federal budget deficits. Federal budget deficits will total $7 trillion over the next decade if current laws remain unchanged, the Congressional Budget Office (CBO) projects. If certain policies that are scheduled to expire under current law are extended instead, deficits may be much larger. Beyond the coming decade, the aging of the U.S. population and rising health care costs will put increasing pressure on the budget. If federal debt continues to expand faster than the economy--as it has since 2007--the growth of people's income will slow, the share of federal spending devoted to paying interest on the debt will rise, and the risk of a fiscal crisis will increase.

Do Deficits Matter?

Do Deficits Matter? PDF

Author: Daniel Shaviro

Publisher: University of Chicago Press

Published: 1997-05

Total Pages: 362

ISBN-13: 9780226751122

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Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal

Reducing the Federal Deficit

Reducing the Federal Deficit PDF

Author: Albert T. Wilburn

Publisher: Nova Science Publishers

Published: 2014

Total Pages: 0

ISBN-13: 9781631172052

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Congress faces an array of policy choices as it confronts the dramatic increase in the federal government's debt over the past several years and the prospect of large annual budget deficits and further increases in that debt that are projected to occur in coming decades under current law. To help inform lawmakers about the budgetary implications of various approaches to changing federal policies, the Congressional Budget Office (CBO) periodically issues a compendium of policy options that would affect the federal budget as well as separate reports that include policy options in particular areas. This book presents options that would decrease federal spending or increase federal revenues over the next decade, and addresses the long-run budget deficit.