Federal Deficits And Debt

Author : Jamie Malone
Publisher : Unknown
Page : 100 pages
File Size : 45,7 Mb
Release : 2016
Category : Business & Economics
ISBN : 1536102695

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Federal Deficits and Debt by Jamie Malone Pdf

The federal government incurs a budget deficit (also known as a net deficit) when its total outgoing payments (outlays) exceed the total money it collects (revenues). If instead federal revenues are greater than outlays, then the federal government generates a surplus. Deficits are measured over the course of a defined period of time--in the case of the federal government, a fiscal year. Over time, persistent budget deficits can hamper economic growth. Federal debt, either publicly held or intragovernmental, is funded through private capital. In the absence of federal debt, a portion of such funding would likely have been used on private investment projects that could increase the future productive capabilities of the economy. Large or rapidly increasing debt levels could also make the economy more susceptible to a recession, although that dynamic has not manifested itself in the United States. This book explores distinctions in the concept and composition of deficits and debt, explains how these two measures interact, and discusses their possible effects on the economy. Furthermore, the book discusses the size of projected budget deficits; how much the deficit would need to be reduced to return to long-term sustainability; analyzes alternative time frames for reducing the deficit; and discusses broad policy choices for reducing the deficit.

Author : Richard H. Fink,Jack C. High
Publisher : Unknown
Page : 332 pages
File Size : 49,9 Mb
Release : 1987
Category : Budget
ISBN : UOM:39076000856422

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A Nation in Debt by Richard H. Fink,Jack C. High Pdf

Author : Robert Eisner
Publisher : Simon and Schuster
Page : 264 pages
File Size : 45,5 Mb
Release : 2010-05-11
Category : Business & Economics
ISBN : 9781439138595

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How Real is the Federal Deficit? by Robert Eisner Pdf

Eisner argues that the federal deficit as currently measured is inaccurate and misleading. When inflation is properly accounted for, he points out, a dramatically different picture of the deficit occurs. In light of these new deficit figures, Eisner challenges current eco nomic theory and interpretations of our recent past. He finds that the deficit has not been as large as recently measured and that efforts to reduce the deficit may do more harm than good. This book will spark serious debate among economists and policymakers. The clarity of its arguments and strength of its evidence are convincing. Strongly recommended for academic and large public libraries. Richard C. Schim ing, Economics Dept., Mankato State Univ., Minn. Copyright 1986 Reed Business Information, Inc.

Author : Stephanie Kelton
Publisher : PublicAffairs
Page : 311 pages
File Size : 48,8 Mb
Release : 2020-06-09
Category : Business & Economics
ISBN : 9781541736207

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The Deficit Myth by Stephanie Kelton Pdf

A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Author : United States. General Accounting Office
Publisher : Unknown
Page : 50 pages
File Size : 40,5 Mb
Release : 1996
Category : Budget deficits
ISBN : PURD:32754066786256

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Federal Debt by United States. General Accounting Office Pdf

Articles, reports, and books on the federal debt and its effects tend to be complex and technical. As a result, the public frequently misunderstands these issues. For example, people often forget that even if Congress and the President agree to balance the annual budget within the next several years, the federal debt will continue to grow until balance is actually achieved. Although declining deficits and, ultimately, balanced budgets could reduce the debt as a share of the economy, the debt will not decline unless there is a budget surplus. This document responds to frequently asked questions about the federal debt, deficits, and interest rates. GAO organizes these questions into three sections: (1) trends in the federal debt, deficits, and interest; (2) sales and ownership of federal debt; and (3) effects of the federal debt. For readers who are interested in more detailed information on these topics, GAO includes a short bibliography.

Author : Mr.Paul R. Masson,Mr.Michael Mussa
Publisher : International Monetary Fund
Page : 52 pages
File Size : 52,5 Mb
Release : 1995-12-01
Category : Business & Economics
ISBN : 9781451935394

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Long-Term Tendencies in Budget Deficits and Debt by Mr.Paul R. Masson,Mr.Michael Mussa Pdf

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Author : Paul L. Posner,Susan J. Irving
Publisher : DIANE Publishing
Page : 68 pages
File Size : 47,6 Mb
Release : 2000-07
Category : Business & Economics
ISBN : 0788188925

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Federal Debt by Paul L. Posner,Susan J. Irving Pdf

The unified budget of the federal government is projected to have a surplus for at least a decade. However, large annual budget deficits over the past 2 decades sharply increased the total amount of debt owed to the public and its associated annual interest payments. This report presents current information on the federal debt, including how debt is defined and measured; who holds federal debt; how much it has grown in recent years; and its significance to the nat. economy. Information is provided in a clear, concise and easily understandable manner for a nontechnical audience. Includes a short bibliography for readers who are interested in more detailed information.

Author : Siamack Shojai
Publisher : Bloomsbury Publishing USA
Page : 209 pages
File Size : 44,8 Mb
Release : 1999-01-30
Category : Political Science
ISBN : 9781567509311

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Budget Deficits and Debt by Siamack Shojai Pdf

This edited collection is a critical evaluation of the impact of fiscal imbalances on the economy of industrialized and developing countries as prepared by a diverse group of scholars involved in advanced research on public finance. Technical issues, economic consequences and the political economy of budget deficits and government debt are covered in one succinct volume. The work provides a balanced presentation of neo-classical views on measures of government deficits; the budget process and major budgetary legislation in the United States; and the impact of deficits on economic activity, exchange rates, inflation, financial markets, trade balance, and economic growth. It also examines the political economy of government budgets in the OECD, select developing economies, and South Africa. From the 1950s to the 1980s, economic activity and growth were affected by fiscal imbalances and excessive government activity in many countries. Although many actors have made retrenchment attempts, economic research has not resolved the conflicting arguments about the impact of fiscal imbalances on the global economy. This book provides a balanced presentation of all major issues related to the impact of fiscal activity on the economy.

Author : William G. Gale
Publisher : Oxford University Press
Page : 256 pages
File Size : 43,8 Mb
Release : 2019-03-01
Category : Business & Economics
ISBN : 9780190645434

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Fiscal Therapy by William G. Gale Pdf

Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time, we have let critical investments lag and left many people behind even as overall prosperity has grown. In Fiscal Therapy, William Gale, a leading authority on how federal tax and budget policy affects the economy, provides a trenchant discussion of the challenges posed by the imbalances between spending and revenue. America is facing a gradual decline as debt accumulates and delay raises the costs of action. But there is hope: fiscal responsibility aligns with both conservative and liberal goals and citizens of all stripes can support the notion of making life better for our children and grandchildren. Gale provides a plan to make the economy and nation stronger, one that controls entitlement spending but preserves and enhances their anti-poverty and social insurance roles, increases public investments on human and physical capital, and raises and reforms taxes to pay for government services in a fair and efficient way. What is needed, he argues, is to balance today's needs against tomorrow's obligations. We face significant fiscal challenges but, if we are wise enough to seize our opportunities, we can strengthen our economy, increase opportunity, reduce inequality, and build better lives for our children and grandchildren. We do not have to kill popular programs or starve government. Indeed, one main goal of fiscal reform is to maintain the vital functions that government provides. We need to act responsibly, pay for the government we want, and shape that government in ways that serve us best.

Author : Richard G. Harris,John Deutsch Institute for the Study of Economic Policy
Publisher : Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy
Page : 212 pages
File Size : 55,5 Mb
Release : 1993
Category : Business & Economics
ISBN : UVA:X002479648

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Deficits and Debt in the Canadian Economy by Richard G. Harris,John Deutsch Institute for the Study of Economic Policy Pdf

Author : United States. Congress. Senate. Committee on Finance. Subcommittee on Deficits, Debt Management, and International Debt
Publisher : Unknown
Page : 102 pages
File Size : 53,8 Mb
Release : 1991
Category : Business & Economics
ISBN : STANFORD:36105045288599

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Long-term Deficit Outlook by United States. Congress. Senate. Committee on Finance. Subcommittee on Deficits, Debt Management, and International Debt Pdf

Author : Anonim
Publisher : Unknown
Page : 484 pages
File Size : 51,6 Mb
Release : 1995
Category : Budget deficits
ISBN : UCSC:32106014251786

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Budget Deficits and Debt by Anonim Pdf

Author : Daniel Shaviro
Publisher : University of Chicago Press
Page : 362 pages
File Size : 51,5 Mb
Release : 1997-05
Category : Business & Economics
ISBN : 0226751120

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Do Deficits Matter? by Daniel Shaviro Pdf

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

Author : D. Andrew Austin
Publisher : DIANE Publishing
Page : 24 pages
File Size : 42,7 Mb
Release : 2010-06
Category : Political Science
ISBN : 9781437929348

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Debt Limit by D. Andrew Austin Pdf

Contents: (1) Introduction: The Debt Limit and the Treasury; Why Have a Debt Limit?; (2) A Brief History of the Federal Debt Limit: Origins of the Federal Debt Limit; World War II and After; (3) The Debt Ceiling in the Last Decade: The Debt Limit Issue in 2002: Resolving the Debt Limit Issue in 2002; The Debt Limit Issue in 2003; The Debt Limit Issue in 2004; The Debt Limit Issue in 2005, 2006, and 2007; The Economic Slowdown and Federal Debt; Fiscal Policy Considerations; Raising the Debt Ceiling in 2008 and 2009; Revised Deficit Estimates; (4) Concluding Comments; (5) Further Reading. Charts and tables.

Author : William E. Hudson
Publisher : Routledge
Page : 190 pages
File Size : 53,6 Mb
Release : 2014-01-03
Category : Political Science
ISBN : 9781136160066

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A Citizen's Guide to Deficits and Debt by William E. Hudson Pdf

America is currently involved in one of the worst economic crises of modern times. As alarm increases over how the government will balance the budget, handle the debt, and maintain prosperity for the future, the minutia of debts and deficits remains incomprehensible to many. Why is it so hard to find ways to resolve the fiscal crisis? This brief and intelligible book is a guide to understanding both the difficulties involved in managing the federal budget and why the on-going fiscal crisis is so significant for America’s future. In order to introduce the reader to the basic composition of federal spending and to the ways that the government raises revenue, Hudson begins his guide with a "map" clarifying how to navigate the federal budget. He defines basic financial vocabulary and outlines concepts by using clear charts and diagrams that both provide basis for discussion and illustrate key points. With this budget map in mind, the second part of the book lays out how the partisan divide in America helps explain the fiscal crisis. Hudson analyzes the debate on the extent of the fiscal crisis, the ways that political parties have tried to solve it, and the political events and institutions that have surrounded the crisis. This citizen’s guide reveals how differing views of America inform the arguments over deficits and debt. By the time readers finish the book, they will understand that the conflict over deficits and debt is not simply about where to cut or add spending, but instead is a struggle over national priorities and visions for the future.